U.S. Stock-Index Futures Erase Loss as Tepper Says He’s BullishMichael P. Regan
U.S. stock-index futures erased losses after hedge-fund manager David Tepper said he is still bullish and the economy is getting better.
Futures on the Standard & Poor’s 500 Index rose less than 0.1 percent to 1,631.8 at 7:51 a.m. in New York after falling as much as 0.3 percent earlier. The benchmark gauge of American equities is up 15 percent in 2013 and closed at a record yesterday for the seventh time in eight sessions. Tepper, co-founder and owner of Appaloosa Management, spoke in an interview on CNBC.