U.S. stock futures jumped in pre-market trading Tuesday as investors assessed fresh inflation data out of Washington that showed prices in March further accelerated to a new 40-year high.
Contracts on the S&P 500 popped 0.7%, and the Dow jumped nearly 130 points ahead of the open. Futures tied to the Nasdaq Composite surged 1.3%. Meanwhile, Treasury yields slightly retreated, but the benchmark 10-year yield remained above 2.7%, the highest level since January 2019.
The moves follow a down day…
Source link
