US futures rise after tech slide; dollar slips

By Bloomberg7 days ago

US equity futures rose Wednesday and Asian stocks were steady after a technology selloff and Treasury Secretary Janet Yellens comments on interest rates ruffled markets overnight. The

dollar

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slipped.

S&P 500 contracts advanced following a climb in commodity, financial and industrial sectors that helped the gauge pare losses. Nasdaq 100 futures were in the green after weakness in the likes of Apple Inc., Tesla Inc. and Amazon.com Inc. dragged the index lower. Australian shares rose and Hong Kong fluctuated. Markets in Japan, China and South Korea are shut for holidays.

Yellen said rates will likely rise as government spending ramps up and the economy responds with faster growth, comments that economists regarded as self-evident. In a subsequent interview, the former Federal Reserve Chair said she wasnt predicting or recommending rate hikes.

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