Ahead of what should be a busy day in the markets, equity futures are looking to build upon the broad-based surge on Thursday. Ninety minutes before the opening bell, Dow futures up 15 points to 10,161 and S&P 500 futures are up 1.25 points to 1,085.00. Yesterday, the Dow jumped 2.76% and the S&P jumped leapt 2.95%. The 2-year Treasury note yield is 1.6 basis points lower at 0.778% and the benchmark 10-year Treasury note is 2.6 basis points lower at 3.299%. The NYMEX crude contract is off $0.31 to $75.17, and COMEX Gold is up $2.20 at $1,223.0. The US dollar index is down nine basis points to 87.07, after the surge in US equities yesterday prompted global gains extending to foreign stocks and currencies. The Day Ahead: 8:20 ― Charles Plosser , president of the Philadelphia Fed, discusses...(read more)

Comments are closed.