Trading in the index futures suggests stocks could open on a narrowly mixed note on Friday as traders revert to the cautious stances following Thursday’s advance.
Cues From Thursday’s Trading:
Stock futures were mixed Thursday morning as traders play the wait-and-watch game ahead of next week's Federal Reserve's rate-setting meeting. Bond yields were rising, reflecting expectations the central bank may look past the overhangs and push ahead with its rate hikes.
Stock futures pointed to a modestly lower open on Wednesday, in a signal that investors remain fidgety. The market's resilience will be tested as uncertainty over next week's Federal Reserve decision intensifies. Stock-specific moves could lend some support to the broader market, although the overall sentiment is likely to be one of caution.
Trading in the U.S. index futures suggests stocks continue to be edgy ahead of next week’s Federal Reserve meeting. Traders may resign to a "wait-and-watch" mode to see off the Federal Open Market Committee scheduled for June 13-14.
Coinbase Global Inc.'s (NASDAQ: COIN) Derivatives Exchange announced on Friday it will launch institution-sized Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO:
U.S. stocks look set to extend their gains on Friday, as the budget bill cleared the Senate by a margin of 63-36 votes, paving the way for its enactment. With the debt limit impasse now behind, investors' focus shifted to the June Federal Reserve rate decision.
U.S. stocks could open Thursday’s session modestly higher as the passage of the budget bill unscathed through the House increases confidence in its enactment.