U.S. stock futures climb, point to rebound for Monday

U.S. stock futures pushed higher on Monday, an indication that equities may be ready to pick up where they left off late last week. Dow futures rose 103 points, or 0.4%, to 25,417, while S&P 500 futures rose 4.7 points, or 0.2%, to 2,753.25. Nasdaq-100 futures inched up 2 points to 6,911.75. U.S. stocks had a burst higher late Friday, helping the Dow Jones Industrial Average finish 347.51 points, or 1.4%, higher at 24,309.99. The S&P 500 and Nasdaq Composite indexes added 1.6% and 1.8%, respectively. The gains came after the Federal Reserve’s semi-annual monetary report eased worries about the prospect of more aggressive policy action. Asian stocks moved higher, while the U.S. dollar pulled back, with the ICE Dollar Index down 0.2% to 89.648. Gold prices jumped $10.50, or 0.8%, to $1,340.80 an ounce.

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From:: Stock Market News

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