U.S. Stocks Rise Along With European Shares
Source: WSJ
By SAUMYA VAISHAMPAYAN
U.S. stock futures advanced Thursday, boosted by a rally in European shares and dovish remarks from a Federal Reserve official.
Dow Jones Industrial Average futures jumped 153 points, or 0.9%, to 17660. S&P 500 futures gained 16 points, or 0.8%, to 2035 and Nasdaq-100 futures rallied 33 points, or 0.8%, to 4184. Changes in stock futures don’t always accurately predict moves in the stock market after the opening bell.
European stocks gained on hopes of fresh stimulus from the European Central Bank. The Stoxx Europe 600 surged 1.8%. Eurozone inflation data released Wednesday showed the first annual drop in consumer prices since 2009, bolstering expectations for further ECB action.
Investors also pointed to comments from Charles Evans, president of the Federal Reserve Bank of Chicago. Mr. Evans said late Wednesday the U.S. might not hit the Fed’s target inflation rate until 2018 and he doesn’t advise raising interest rates until 2016. The first interest-rate increase is widely expected this year.
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Read more: http://www.wsj.com/articles/u-s-stock-futures-rise-along-with-european-shares-1420723366
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