U.S. Stock Futures Rise as Stimulus Hopes Outweigh Brexit Fears
Are Brexit-Hit Markets in Recovery Mode?
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U.S. equity futures climbed, signaling the S&P 500 Index may advance for the first time since the Brexit vote, as optimism grew that policy makers will move to support financial markets.
Contracts on the S&P 500 expiring in September jumped 0.8 percent to 2,001.50 at 12:32 a.m. in New York, after the underlying index tumbled 1.8 percent on Monday. More than $974 billion has been erased from S&P 500 stock values in the past two days, the third-most in history, according to data compiled by S&P Dow Jones Indices.