Stocks looked set to rise on Wednesday as investors zeroed in on dovish comments from Federal Reserve Chair Jerome Powell, rather than worrying too much about the latest flare-up in trade tensions between the U.S. and China.
Futures tracking the Dow Jones Industrial Average climbed 147 points, or 0.3%. S&P 500 futures added 0.5%, and contracts tied to the tech-heavy Nasdaq 100 gained 0.6%.
The yield on the 10-year U.S. Treasury note slipped 3 basis points to 4%. Gold futures jumped 1.3% to hit $4,218 an ounce, yet another record. The dollar was down 0.2% against a weighted basket of its peers.
Visited 1 times, 1 visit(s) today
