U.S. Index Futures Climb, Indicating Equities Will Extend Surge

U.S. stock-index futures advanced, indicating the Standard & Poor’s 500 Index will extend gains, after surging the most since 2013.

Futures on the S&P 500 expiring in March added 0.7 percent to 2,021.4 at 7:41 a.m. in London. Dow Jones Industrial Average contracts rose 107 points, or 0.6 percent, to 17,399 today.

Stocks jumped yesterday, erasing about half their December losses, as energy shares rebounded and the Federal Reserve said it will be patient on the timing of interest-rate increases.

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