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Stock futures are up after Nasdaq and S&P 500 set records, Fed meeting ahead

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U.S. stock futures were slightly higher in early morning trading Tuesday after the Nasdaq Composite and S&P 500 registered new record highs ahead of the Federal Reserve’s latest monetary policy meeting.

Dow futures rose 48 points. S&P 500 futures and Nasdaq 100 futures both traded in mildly positive territory.

On Monday, S&P 500 gained 0.2% to close at a new record of 4,255.15. The Dow Jones Industrial Average, however, fell 85 points.

The Nasdaq Composite was the relative outperformer, gaining 0.8% to close at an all-time high of 14,174.14. Investors are pouring back into growth stocks as bond yields keep falling. The 10-year Treasury rate hit a three-month low last Friday and hovered…



Source cnbc.com

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