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Home / Business / Dow futures point to a 200-point gain as bond yields stabilize

Dow futures point to a 200-point gain as bond yields stabilize



US. Stock index futures were higher on Tuesday as government bond yields stabilized following a recent sharp decline.

"Global economic growth has great fears, which is understandable because it has slowed significantly since early 201

8," said Ed Yardeni, president and chief investment strategist at Yardeni Research. "In addition, we can all state that ultralight's monetary and debt-financed fiscal policies are not as stimulating as policymakers had hoped."

Consumer confidence figures are due at 10:00 am (ET), while new housing construction fell more than 8%, largely missing estimates. The building permits were less than expected.

Wall Street closed on Monday with low profits. News that Special Prosecutor Robert Mueller found no evidence that President Donald Trump was working with presidential candidates on Russia in 2016 strengthened the markets by eliminating some uncertainty. Investors were also confident that Trump would avoid the Mueller investigation to draw attention to the consolidation of trade agreements. Overall, however, concerns about the global economy limited market gains.

Bed Bath & Beyond shares rose more than 20 percent in the premarket after the Wall Street Journal reported that three activist investors are seeking to replace the company's entire board of directors. The stock was well on its way to posting its biggest one-day since 2009.


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