MarketWatch: U.S. Stock futures point to over 200-point gain for Dow industrials
By Barbara Kollmeyer
Market Watch
Market Watch
February 16, 2016
U.S. stock futures rose sharply on Tuesday, as a recovery for global stock markets continued, partly fueled by hopes that central banks will launch more easing. U.S. markets were closed Monday's for the Presidents Day holiday, but stock futures rallied in a shortened trading session. For Tuesday, Dow Jones Industrial Average futures YMH6, +1.12% jumped 268 points, or 1.7% to 16,181, while those for the S&P 500 index ESH6, +1.13% gained 31.95 points, or 1.7%, to 1,890.25. Futures for the Nasdaq 100 index NQH6, +1.55% rose 87.75 points, or 2.2%, to 4,094.25. In Asia, the Shanghai Composite index SHCOMP, +3.29% jumped 3.2%, led by financials. Crude oil prices CLH6, +0.58% surged nearly 5% ahead of a meeting of Russian and Saudi oil ministers, as hopes grew for a potential move on production cuts. Mirroring weakness on Monday, gold prices GCJ6, -2.10% slid $41.50, or 3.3%, to $1,198.40 as appetite for riskier investments such as stocks grew.
U.S. stock futures rose sharply on Tuesday, as a recovery for global stock markets continued, partly fueled by hopes that central banks will launch more easing. U.S. markets were closed Monday's for the Presidents Day holiday, but stock futures rallied in a shortened trading session. For Tuesday, Dow Jones Industrial Average futures YMH6, +1.12% jumped 268 points, or 1.7% to 16,181, while those for the S&P 500 index ESH6, +1.13% gained 31.95 points, or 1.7%, to 1,890.25. Futures for the Nasdaq 100 index NQH6, +1.55% rose 87.75 points, or 2.2%, to 4,094.25. In Asia, the Shanghai Composite index SHCOMP, +3.29% jumped 3.2%, led by financials. Crude oil prices CLH6, +0.58% surged nearly 5% ahead of a meeting of Russian and Saudi oil ministers, as hopes grew for a potential move on production cuts. Mirroring weakness on Monday, gold prices GCJ6, -2.10% slid $41.50, or 3.3%, to $1,198.40 as appetite for riskier investments such as stocks grew.
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