"The futures are trading higher on Wednesday after a stellar day across Wall Street on Tuesday. All of the major indices finished the day higher, with the technology-heavy NASDAQ leading the way, closing up 0.59% at 23,413. The S&P 500 ended the session at 6,829, up 0.25% and the Dow Jones Industrials were last seen at 47,474, up 0.39%. Traders and investors are still experiencing weekly volatility whiplash, so it's difficult to determine whether any given day marks the start or end of a trend, up or down, whiplash,"
"Yields were down across the curve as buyers returned, and the song remains the same: The anticipation of a rate cut next week, combined with prospects for economic growth in 2026, seems to be the two factors that are driving yields on any given day. With the smart money leaning on President Trump's economic advisor, Kevin Hassett, to be the next Federal Reserve Chairman, it's a good bet that rates could be lowered even more in 2026."
Stock futures rose Wednesday after major US indices advanced, with the NASDAQ up 0.59% at 23,413, the S&P 500 at 6,829 and the Dow at 47,474. Investors faced weekly volatility that made trend identification difficult, while an 80% probability of a Fed funds rate cut next week provided a consistent tailwind. Technology strength and a cryptocurrency rally helped lift equities. Treasury yields fell across the curve as buyers returned amid rate-cut expectations and prospects for 2026 economic growth. Market speculation names Kevin Hassett as a potential Fed chair. Long-term yields included the 30-year at 4.75% and the 10-year at 4.09%.
Read at 24/7 Wall St.
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