U.S. stock futures looked Wednesday to rebound from a sluggish start to the week as investors await comments from Federal Reserve Chair Jerome Powell’s scheduled speech.
Futures tied to the S&P 500 (^GSPC) inched higher by 0.2% in premarket trading, while futures on the Dow Jones Industrial Average (^DJI) ticked up by 0.1%. The technology-heavy Nasdaq Composite (^IXIC) rose by 0.3%.
Stocks finished lower on Tuesday, even as concerns regarding China’s strict zero-COVID policy abated. U.S.-listed Chinese stocks rose on Tuesday as Beijing announced plans to accelerate vaccination of China’s elderly, spurring optimism among investors about a path forward for easing COVID restrictions amid nationwide protests.
The U.S. dollar was weaker early Wednesday, while the yield on the benchmark 10-year Treasury note slipped to 3.733% from 3.755% on Tuesday. In oil markets, the global benchmark Brent crude (BZ=F) climbed 2.3% to $82.90 a barrel. WTI crude oil (CL=F) rose 2.6% on Wednesday to…