U.S. stock futures rose on Wednesday after modest advances on Tuesday. Futures of major benchmark indices were higher.
Meanwhile, President Donald Trump launched “Trump Accounts,” providing every eligible newborn in the U.S. with a $1,000 government-funded savings account to jumpstart their financial future.
The 10-year Treasury bond yielded 4.08% and the two-year bond was at 3.49%. The CME Group's FedWatch tool‘s projections show markets pricing an 87% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and the Nasdaq 100 index, respectively, were higher in premarket on Wednesday. The SPY was up 0.29% at $683.51, while the QQQ advanced 0.26% to $623.62, according to Benzinga Pro data.
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