U.S. stock futures rose as traders started the new quarter in a more positive mood.
How are stock-index futures trading On Friday, the Dow Jones Industrial Average DJIA fell 159 points, or 0.47%, to 33508, the S&P 500 SPX declined 12 points, or 0.27%, to 4288, and the Nasdaq Composite COMP gained 18 points, or 0.14%, to 13219.
The advance for S&P 500 futures on Monday comes after the equity benchmark endured its worst month of the year, down 4.9%, after 10-year Treasury yields surged to their highest level since 2007 amid concerns sticky inflationary pressures would cause the Federal Reserve to keep interest rates higher for longer.
“Early indications are that U.S. markets could open the new quarter in more positive territory, as U.S. legislators were able to enforce a temporary measure to avoid shutdown over the weekend,” said Richard Hunter, head of markets at Interactive Investor.
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