Futures Tick Higher Following Stock Rally Pause

Traders work on the floor of the New York Stock Exchange on Wall Street in February 2024
Traders work on the floor of the New York Stock Exchange on Wall Street in February 2024. Photo by John Angelillo/UPI/Shutterstock (14367258f)

Futures listed on the New York Stock Exchange rose higher on Tuesday after equities paused during the previous session following a stock rally last week. Futures listed on the S&P 500 rose 0.2%, while those on the tech-heavy Nasdaq 100 gained 0.3%. Contracts listed on the Dow Jones Industrial Average remained relatively unchanged.

In Europe, stocks edged lower, with those on the Stoxx Europe 600 slipping by 0.1%. The yield on 10-year Treasuries remained static at 4.24%, while in commodities, Brent crude slipped 0.2% to $86.55 per barrel while spot gold remained unchanged. Bitcoin edged 0.3% lower to $70,753.54.

US durable goods and consumer confidence data are set to be released later today, with the U.S. government’s personal consumption expenditures (PCE) price index due on Friday. Federal Reserve Chair Jerome Powell is slated to speak on Friday as well.

Mathew C
After obtaining a BCom degree, Mathew got his start in data analytics. He then shifted his focus to online content, where he discovered his true passion. Today, Mathew expresses his love for all things content through his business, Mathew Cohen Media Consulting.