BLBG: U.S. Index Futures Climb, Indicating Equities Will Extend Surge
U.S. stock-index futures advanced, indicating the Standard & Poor’s 500 Index will extend gains, after surging the most since 2013.
Futures on the S&P 500 (SPX) expiring in March added 0.7 percent to 2,021.4 at 7:41 a.m. in London. Dow Jones Industrial Average contracts rose 107 points, or 0.6 percent, to 17,399 today.
Stocks jumped yesterday, erasing about half their December losses, as energy shares rebounded and the Federal Reserve said it will be patient on the timing of interest-rate increases.
To contact the reporter on this story: Alan Soughley in Frankfurt at asoughley@bloomberg.net
To contact the editors responsible for this story: Cecile Vannucci at cvannucci1@bloomberg.net Alan Soughley
