U.S. Index Futures Signal Stocks to Rise a Second Day Before Fed

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U.S. Index Futures Signal Stocks to Rise a Second Day Before Fed

The S&P 500 lost 2.9 percent in five days amid concern over China’s economy, before rebounding 1.2 percent yesterday as some earnings beat estimates.

Photographer: Keith Bedford/Bloomberg

U.S. stock-index futures rose, signaling equities will extend gains, as investors awaited earnings and the conclusion of a Federal Reserve monetary policy meeting.

Standard & Poor’s 500 Index E-mini contracts expiring in September increased 0.2 percent to 2,092.25 at 10:25 a.m. in London. Futures on the Dow Jones Industrial Average added 49 points to 17,595.

The S&P 500 lost 2.9 percent in five days amid concern over China’s economy, before rebounding 1.2 percent yesterday as some earnings beat estimates.

Investors are awaiting a Federal Reserve statement on Wednesday for signs on when it will move to raise borrowing costs. While the central bank is expected to hold rates steady at this meeting, economists put the odds of a September increase at about 50 percent.

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