Stocks- U.S. Futures Inch Up Ahead of Fed Meeting
13 June 2018, 15: 31
U.S. futures point to higher opening bell ahead of an interest rate decision by the Federal Reserve.
The was up four points or 0.14% to 2,792.25 as of 6:45 AM ET (10:45 GMT) while increased 29 points or 0.11% to 25,344.0. Meanwhile tech heavy rose 19 points or 0.26% to 7,245.25.
The (18:00 GMT). With the rate hike almost fully priced in, investors will closely pour over the Fed’s forecasts for interest rates, known as the “dot-plot” for signs of more interest rate hikes.
The rather than three has increased amid rising inflation and a strengthening economy.
Netflix (NASDAQ:) was among the top gainers in pre-market trading, surging 1.14% after Goldman increased its price target while Microsoft (NASDAQ:) rose 0.51% while Time Warner Inc (NYSE:) surged 4.66% after a judge ruled in favor of its merger with AT&T (NYSE:), which was down 2.07%.
Elsewhere H&R Block (NYSE:) fell 19.09% after it said it expects its margins to shrink while Tesla (NASDAQ:) dipped 0.66%.
In economic news, the is released at 8:30 AM ET (12:30 GMT).
In Europe stocks were mostly up. Germany’s rose 20 points or 0.16% while in France the increased 15 points or 0.28% and in London, the was up 28 points or 0.37%. Meanwhile the pan-European gained eight points or 0.24% while Spain’s inched down six points or 0.07%.
In commodities, were down 0.10% to $1,298.10 a troy ounce while futures fell 0.17% to $66.25 a barrel. The which measures the greenback against a basket of six major currencies, was down 0.07% to 93.76.