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

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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.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

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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