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Stock market today: US futures tick higher as Fedspeak, China stimulus lift spirits

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China ニュース

Federal Reserve,Michelle Bowman

Investors are weighing the chances of another jumbo interest-rate cut and China's launch of aggressive stimulus.

US stocks inched up before the bell on Tuesday, poised to pick up on a winning streak as pro-rate-cut Fedspeak and China's launch of aggressive stimulus lifted market spirits. Dow Jones Industrial Average futures rose roughly 0.1%, while S&P 500 futures edged above the flatline on the heels of a record close. The tech-laden Nasdaq 100 also rose 0.1.%.

The Fed's jumbo rate cut last week kicked off the rally, and on Monday, several policymakers hinted the door is open for more big moves. Next in the spotlight is Fed governor Michelle Bowman, whose comments on Tuesday could shed light on why she voted against the aggressive pivot. Read more: What the Fed rate cut means for bank accounts, CDs, loans, and credit cards Also boosting the mood was China's launch of a raft of stimulus measures, its biggest since the pandemic.

 

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