U.S.
stock-index futures climbed, indicating the Standard & Poor™s 500
Index will rebound from last week™s decline, as investors awaited a
speech by Federal Reserve Chair Janet Yellen.
Biogen
Idec Inc. advanced 1.8 percent in premarket trading after winning U.S.
regulatory approval for a blood-disorder treatment. Tesla Motors Inc.
added 1.2 percent after reaching an agreement with car-dealer lobbying
groups in New York.
S&P
500 futures expiring in June gained 0.3 percent to 1,856.8 at 10:57
a.m. in London. The equity benchmark fell 0.5 percent last week as banks
and technology-companies declined, while a speech by President Barack
Obama increased concern that tension will escalate in Ukraine. Dow Jones Industrial Average contracts rose 54 points, or 0.3 percent, to 16,294 today.
The Federal Open Market Committee on March 19 scrapped a threshold for considering raising interest rates
based on unemployment dropping to 6.5 percent. A Labor Department
report due on Friday will probably show that the jobless rate fell to
6.6 percent last month from 6.7 percent in February, according to
economists surveyed by Bloomberg.
Three rounds of bond buying by the Fed have helped the S&P 500 rally as much as 178 percent since its low in 2009.
Copy Source: Bloomberg
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