Home » US stocks trending mostly higher hours before Tuesday's opening bell
US stocks trending mostly higher hours before Tuesday's opening bell
Fox Business Flash top headlines for May 24
Check out what’s clicking on FoxBusiness.com.
U.S. equity futures are pointing to a higher opening Tuesday after Monday's rebound in shares of technology and communications companies and as investors grew more comfortable with the inflation outlook and the pace of the economic recovery.
Stocks in this Article
Overnight, Wall Street’s benchmark S&P 500 index rose 1%, recovering about half of last week’s losses. Gains were led by tech stocks.
Investors worry a global economic recovery might be hampered if rising inflation prompts governments and central banks to withdraw stimulus. But a Federal Reserve official helped to allay some of those fears when he said Tuesday the U.S. central bank shouldn’t look at changing policy in the midst of the coronavirus pandemic.
NY, NJ EXODUS TO FLORIDA FUELED BY 'TAX HELL': OFFICIAL
"U.S. markets delivered a positive start for the week, as easing inflation concerns drive a bounce in tech," said Yeap Jun Rong of IG in a report.
Stocks fell after hitting a record high May 7 amid growing concern higher inflation as economies revive would disrupt commerce or prompt governments to roll back stimulus spending and easy credit.
MarketsComments Off on US stocks trending mostly higher hours before Tuesday's opening bell