Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Sept 27 - U.S. stock index futures rebounded on Wednesday as easing Treasury yields boosted megacaps, while investors awaited developments on a U.S. funding bill and inflation data this week to gauge the outlook for the Federal Reserve's monetary policy.
At 7:10 a.m. ET, Dow e-minis were up 92 points, or 0.27%, S&P 500 e-minis were up 15.75 points, or 0.37%, and Nasdaq 100 e-minis were up 51.75 points, or 0.35%. However, markets are bracing for some more volatility, with policymakers projecting elevated rates until the end of 2024, boosting Treasury yields, which are sensitive to interest rate expectations and seen as risk-free due to government backing.
Investors also looked forward to durable good data for August, due at 8:30 a.m. ET, and second-quarter GDP and monthly personal consumption expenditures price index later in the week, with Federal Reserve Chair Jerome Powell's remarks also on tap.
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