Free daily briefing on global business news.
The 10-year Treasury yield pulled back from its highest level since November 2023 after the Fed governor's comments
Michael M. Santiago / Getty Images
U.S. stock index futures rose Thursday after Federal Reserve Governor Christopher Waller said he would support holding interest rates steady, easing investor concerns about an imminent rate hike.
S&P 500 futures were 0.4% higher, Nasdaq $NDAQ-100 futures added 0.2%, and Dow Jones Industrial Average futures advanced 339 points, or 0.6%. The 10-year Treasury yield fell to around 4.75% after Waller said he would be "inclined to support" keeping rates unchanged, provided that upcoming inflation data does not deliver surprises, according to CNBC.
