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%.