Live Markets: U.S. index futures climb early as investors digest Fed
02/05/2024 14:08
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U.S. stock index futures higher
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STOXX 600 down 0.06%
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Dollar flat, gold down >1%, oil rises, bitcoin up >2%
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U.S. 10-year Treasury yield up at 4.64%
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U.S. INDEX FUTURES CLIMB EARLY AS INVESTORS DIGEST FED
S&P 500 e-mini futures EScv1 were higher early Thursday as
investors were still digesting Wednesday's comments from Federal
Reserve Chair Jerome Powell following a Fed statement.
Powell, when asked at a news conference about the risks that
interest rates may need to be lifted to bring down inflation,
said the Fed's next policy rate move is unlikely to be an
increase.
The Fed in its statement left rates unchanged as expected.
Stocks rallied after Powell's comments but closed mixed,
with the S&P 500 .SPX finishing down slightly.
After the bell Wednesday, Qualcomm QCOM.O forecast
quarterly sales and adjusted profit above Wall Street
expectations. Its shares were up 6% before the bell.
Also, eBay EBAY.O were down 3% in early trading after late
Wednesday it forecast second-quarter revenue below Wall Street
estimates.
Here is the pre-market snapshot:
(Caroline Valetkevitch)
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FOR THURSDAY'S EARLIER LIVE MARKETS POSTS:
A BALANCING ACT TO LURE INFLOWS INTO UK EQUITIES - CLICK
HERE
THE UK HAS ITS PREMIUM STOCKS TOO! - CLICK HERE
POST-DATA PRICE ACTION SUGGESTS STAGFLATION FEARS - UBS
-CLICK HERE
SCOPE FOR MORE EPS UPGRADES IN EUROPE - BOFA - CLICK HERE
STOXX GOING NOWHERE, "LOW QUALITY BEAT" FOR NOVO - CLICK
HERE
EUROPE EYES MUTED START POST-FED - CLICK HERE
INTERVENE, RINSE, REPEAT - CLICK HERE
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Premkt snapshot https://tmsnrt.rs/3JH7TXx
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