U.S. stock futures were little changed on Wednesday as reduced volatility in government bond markets signaled an easing of financial sector angst and less uncertainty about Federal Reserve policy.
How are stock-index futures trading On Tuesday, the Dow Jones Industrial Average DJIA rose 336 points, or 1.06%, to 32155, the S&P 500 SPX increased 64 points, or 1.65%, to 3919, and the Nasdaq Composite COMP gained 239 points, or 2.14%, to 11428. The main focus on Wednesday is likely to be the U.S. retail sales data for February, due for release at 8:30 a.m. Traders will also be keen to see how price pressures are percolating down the supply chain, with the producer price index for February also released at 8:30 a.m. All times Eastern.
Sharp movements in government yields pushed the ICE BofAML MOVE Index, a gauge of implied Treasury volatility, to a near 14-year high on Tuesday. A rising MOVE index has tended of late to pressure equities because the uncertainty in bonds makes it more difficult to value stocks.
Perfect timing.
Might want to redo this article.
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