Dow futures tick higher following relief rally
2023.03.20 20:42
© Reuters.
By Oliver Gray
Investing.com – U.S. stock futures were trading slightly higher during Monday’s evening deals, extending gains from the regular session as investors bought the dip following the Swiss government approved takeover of Credit Suisse Group AG (SIX:) by UBS Group AG (SIX:).
By 6:40pm ET (10:40pm GMT) and were 0.1% higher while traded flat.
Ahead in Tuesday’s session, traders will be closely monitoring data as well as fresh earnings data from Nike Inc (NYSE:), Tencent Music Entertainment Group (NYSE:) and GameStop Corp (NYSE:).
During Monday’s regular trade, the added 382.6 points or 1.2% to 32,244.6, the added 34.9 points or 0.9% to 3,951.6 and the gained 45 points or 0.4% to 11,675.5 as investors proved optimistic on the prospects of slowing rate hikes from Federal Reserve policymakers following the recent banking crisis.
On the bond markets, rates were at 3.483%.
