S&P 500 futures hit new peak and global stocks rise as the Fed shows no sign of cutting back economic support

By Harry Robertson8 days ago


Minutes from the Fed, chaired by Jerome Powell, showed it planned to keep policy loose.

Sarah Silbiger/Getty Images

  • S&P 500 futures hit a new high after the Fed said it planned to keep monetary policy loose.
  • Global stocks also rose, with investors cautiously optimistic about the economic recovery from COVID-19.
  • US bond yields have fallen from recent highs, helping calm nerves in the stock market.
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Futures contracts for the S&P 500 index rose to a new high on Thursday morning after minutes from the US Federal Reserve's latest meeting showed the central bank remains committed to supporting the economy.

S&P 500 futures rose 0.31%, after the S&P 500 index closed at a record on Wednesday. Dow Jones futures inched 0.04% higher and Nasdaq 100 futures rose 0.74%.

Stocks inched higher in Asia overnight after small gains on the US stock markets on Wednesday. China's CSI 300 rose 0.17% while Hong Kong's Hang Seng jumped 1.53%.

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