Dow futures tick higher following relief rally

  • Stock Market News
Dow futures tick higher following relief rally
Credit: © Reuters.

By Oliver Gray - 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: CSGN ) by UBS Group AG (SIX: UBSG ).

By 18:40 ET (22:40 GMT) Dow Jones futures and S&P 500 futures were 0.1% higher, while Nasdaq 100 futures traded flat.

Ahead in Tuesday's session, traders will be closely monitoring existing home sales data as well as fresh earnings data from Nike Inc (NYSE: NKE ), Tencent (HK: 0700 ) Music Entertainment Group (NYSE: TME ) and GameStop Corp (NYSE: GME ).

During Monday's regular trade, the Dow Jones Industrial Average added 382.6 points or 1.2% to 32,244.6, the S&P 500 added 34.9 points or 0.9% to 3,951.6, and the Nasdaq Composite 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, United States 10-Year rates were at 3.483%.


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