Finance

Stock futures rise as investors await Fed’s forecast on the economy

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U.S. stock futures rose in early morning trading as investors await clarity on the state of the economy and further stimulus from the Federal Reserve’s policy meeting.

Dow futures rose 165 points, implying a gain of about 169 points at the open Wednesday. The S&P 500 and Nasdaq were also set to open slightly higher, with gains of around 19 points and 43 points, respectively.

The Dow Jones Industrial Average and S&P 500 were under pressure on Tuesday as stocks benefiting from the economic reopening fell broadly. The Dow fell 300 points or 1.1%, snapping a 6-day winning streak. The 30-stock average was dragged down by a 5.9% drop in Boeing.

The S&P 500 lost 0.8%, retreating after briefly…



Source cnbc.com

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