U.S. stock index futures were slightly higher on Tuesday morning.
Wall Street rose sharply on Monday as a rebound in bond yields continued, easing ongoing recession fears.The Federal Reserve is scheduled to publish its latest meeting minutes.At around 01:30 a.m. ET, Dow futures rose 33 points, indicating a positive open of more than 19 points. Futures on the S&P and Nasdaq were both slightly higher.
Wall Street rose sharply on Monday as a rebound in bond yields continued, easing ongoing recession fears. The White House has also stepped in the ongoing debate over whether the U.S. economy will soon enter into recession mode, withsaying that: "We're doing tremendously well. Our consumers are rich. I gave a tremendous tax cut and they're loaded up with money."
Nonetheless, traders remain focused on U.S.-China trade relations, after the U.S. Commerce Secretary Wilbur Ross announced Monday that it wasMeanwhile, traders will also be keeping an eye on the broader economy. On Wednesday, the is scheduled to publish its latest meeting minutes. Investors are also likely to closely monitor the Fed's Jackson Hole seminar and a G7 summit later in the week for clues on monetary policy settings.In terms of corporate earnings, Home Depot, Medtronic and Toll Brothers will be updating investors.
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