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Futures Rise Heading Into Fed Meet, More Earnings

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Futures for Wall Street's main stock indexes rose Tuesday in the run-up to the Federal Reserve's policy meeting that will shape expectations for its interest rate path, while investors eyed more earnings to gauge how corporate America is faring.

Wall Street's main indexes rallied more than 1% in the previous session, rebounding from a selloff in the past few weeks that was sparked by surging Treasury yields and the Middle East conflict.

At 7:01 a.m. ET, Dow e-minis were up 120 points, or 0.36%, S&P 500 e-minis were up 9.25 points, or 0.22%, and Nasdaq 100 e-minis were up 4.75 points, or 0.03%. The Fed is set to kick off a two-day monetary policy meeting on Tuesday, at the end of which it is widely expected to hold interest rates steady, according to the CME Group's FedWatch tool.

Meanwhile, U.S. Treasury yields slid on Tuesday, with the yield on the 10-year note last at 4.82%, a day after the Treasury Department said it expects to borrow $76 billion less this quarter than previously anticipated.

 

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