Dow Futures Climb 0.5% as Treasury Boosts Buybacks Before Fed Minutes
Updated
Updated · Investor's Business Daily · Aug 19
Dow Futures Climb 0.5% as Treasury Boosts Buybacks Before Fed Minutes
3 articles · Updated · Investor's Business Daily · Aug 19
Summary
Dow futures rose 0.5% before Wednesday's open, with S&P 500 futures up 0.4%, extending an earlier flat-to-higher move.
Treasury buybacks increased ahead of the Federal Reserve minutes release, helping steady sentiment after yields had recently hit multiyear highs.
Moderna and SK Hynix also jumped in premarket trading, with Moderna lifted by cancer-drug news and SK Hynix benefiting as an Nvidia supplier.
The rebound follows a bond-driven market wobble earlier this week, when a global selloff pushed the 30-year Treasury yield to its highest level since 2007.