{"id":126585,"date":"2021-05-28T01:23:52","date_gmt":"2021-05-28T01:23:52","guid":{"rendered":"https:\/\/precoinnews.com\/?p=126585"},"modified":"2021-05-28T01:23:52","modified_gmt":"2021-05-28T01:23:52","slug":"futures-gain-as-fed-calms-inflation-worries","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/futures-gain-as-fed-calms-inflation-worries\/","title":{"rendered":"Futures gain as Fed calms inflation worries"},"content":{"rendered":"

(Reuters) – U.S. stock index futures rose on Wednesday after remarks from Federal Reserve officials helped calm inflation worries, while a recent dip in bond yields supported Nasdaq futures climb for a third straight session.<\/p>

The New York Stock Exchange is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS\/Carlo Allegri<\/figcaption>

Fed vice chair Richard Clarida downplayed the effects of higher price pressures on Tuesday, voicing faith in the central bank\u2019s ability to engineer a \u201csoft landing\u201d if prices continue to escalate beyond what is expected.<\/p>\n

Fears of rising inflation have weighed on Wall Street\u2019s main indexes this month, with most analysts expecting a jump in borrowing costs in the short term as the economy reopens.<\/p>\n

The U.S. personal consumption report, the Fed\u2019s favorite inflation gauge, is due on Thursday.<\/p>\n

Apple Inc, Amazon.com Inc, Microsoft Corp and Alphabet Inc added between 0.1% and 0.3% in premarket trading, helped by subdued Treasury yields.<\/p>\n

The yield on the benchmark 10-year Treasury note stood at 1.5672 after scaling a more than one-month high earlier in May. Higher yields pressure valuations for tech and other growth stocks, whose future cash flows are discounted at higher rates. [US\/]<\/p>\n

At 6:30 a.m. ET, Dow e-minis were up 77 points, or 0.2%, S&P 500 e-minis were up 11 points, or 0.3%, and Nasdaq 100 e-minis were up 34.5 points, or 0.24%.<\/p>\n

Cryptocurrency-related stocks including those in Riot Blockchain, Marathon Patent Group and Coinbase Global rose between 2% and 4.6% in premarket trading as bitcoin climbed back above $40,000 for the first time this week.<\/p>\n

Oil heavyweight Exxon Mobil Corp gained 0.7% ahead of its first major boardroom contest where climate change is a central issue.<\/p>\n

Department store operator Nordstrom Inc dropped 6% in thin trading after reporting a bigger-than-expected quarterly loss, hurt by price markdowns.<\/p>\n

Apparel retailer Urban Outfitters jumped 9.3% after it posted better-than-expected quarterly results and signaled accelerating sales in May.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) – U.S. stock index futures rose<\/p>\n","protected":false},"author":3,"featured_media":126584,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"\nFutures gain as Fed calms inflation worries - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/futures-gain-as-fed-calms-inflation-worries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Futures gain as Fed calms inflation worries - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"(Reuters) – U.S. stock index futures rose\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/futures-gain-as-fed-calms-inflation-worries\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-28T01:23:52+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/05\/Futures-gain-as-Fed-calms-inflation-worries.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/futures-gain-as-fed-calms-inflation-worries\/\",\"url\":\"https:\/\/precoinnews.com\/business\/futures-gain-as-fed-calms-inflation-worries\/\",\"name\":\"Futures gain as Fed calms inflation worries - 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