This is what I found on YAHOO.COM:
U.S. stock futures pointed to a higher open as Treasury yields dropped on Wednesday, ahead of Thursday’s market close for Independence Day.
Before the opening bell, futures for the S&P 500 Index rose 0.16%, or 4.75 points, as of 8:54 a.m. ET. Contracts on the Dow Jones Industrial Average rose 0.15%, or 40 points, while Nasdaq Stock futures increased 0.15%, or 11.5 points.
Domestic equities have started July on strong footing, with the S&P 500 on pace to clinch a fifth consecutive session of gains Wednesday. The blue chip index posted a record closing high for a second straight day on Tuesday.
Meanwhile, global government bond yields declined as investors considered more dovish candidates for two of the world’s largest central banks. The U.S. 10-year Treasury yield touched as low as 1.9378% Wednesday morning, reaching the lowest level since November 2016.
On Tuesday, International Monetary Fund chief Christine Lagarde won a nomination to become president of the European Central Bank (ECB), with current ECB president Mario Draghi’s term sent to end Oct. 31. Draghi said last month that the ECB would be willing to roll out further stimulus in the event of more deterioration in the European Union economy.
Meanwhile, President Donald Trump said Tuesday that he intended to nominate Christopher Waller, executive president of the Federal Reserve Bank of St. Louis, and Judy Shelton, U.S. director of the European Bank for Reconstruction and Development, to the Federal Reserve.
Information provided by YAHOO.COM.
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