U.S. stock index futures advanced during overnight trading on Wednesday.
U.S. stock index futures moved higher during overnight trading on Wednesday as stocks looked to build on February’s momentum. Futures contracts tied to the Dow gained 34 points, or 0.09%. S&P 500 futures and Nasdaq 100 futures rose 0.06% and 0.07%, respectively. The move comes after the Dow advanced 63 points during regular trading hours to close at a record high. In a volatile session that saw the 30-stock average swing between gains and losses, the Dow also hit its ninth intraday record of the year. The S&P 500 and Nasdaq Composite also hit record highs during Wednesday’s session, but the indexes couldn’t ultimately hold onto those gains. The S&P wound up closing 0.03% lower, while the Nasdaq slid 0.25%. Federal Reserve Chairman Jerome Powell said Wednesday that the economy faces challenges in the labor market, and so monetary policy needs to stay “patiently accommodative.
