SINGAPORE (Reuters) – U.S. stock futures rose 2% on Tuesday and breached a major chart barrier as investors brushed aside China-U.S. trade tension and braced for a re-opening of the world economy.
S&P 500 E-Minis EScv1 rose 2% to 3,012 points, with 299,852 contracts changing hands. The S&P 500 index .SPX closed mostly unchanged on Friday at 2,955.45 points and the futures contract was up 1.9% from that close.
The futures contract broke through 2,988.38, a 200-day simple moving average, suggesting a strong day ahead for U.S. stocks.
Futures on the Dow Jones index .DJI 1YMcv1 were up 517 points, or 2.12%.
Source: Read Full Article