Stocks Head Higher as US Futures Advance Pre-Bell; Europe Rises, Asia Mixed
The main US stock measures were set to open on a stronger note as futures traded higher pre-bell ahead of this week's release of minutes from the last Federal Reserve policy meeting for clues about the pace of rate hikes.
Standard & Poor's 500 futures were up 1.1%, the Nasdaq was pointing 0.9% higher and the Dow Jones Industrial Average was gaining 1% pre-bell.
Asian exchanges traded mixed on pandemic outlooks, while European bourses tracked higher, with the Stoxx 600 adding 0.7%.
Heliogen (HLGN) and Gilat Satellite (GILT) plan to report earnings pre-bell, among others. On the thin economic calendar is the Chicago Fed National Activity Index for April at 8:30 am ET. Atlanta Fed President Raphael Bostic speaks at 12 pm.
Minutes from the Fed's policy meeting held earlier this month will be released on Wednesday.
Before the US open, West Texas Intermediate was up 1% to $111.42 a barrel, yields on 10-year Treasuries added 4.5 basis points to 2.832%, gold rose 0.9% to $1,859 an ounce and Bitcoin gained 1.9% to $30,512.