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U.S. Stock Futures Gain After Mnuchin Reiterates Fed Autonomy

  • Concern rises as Trump inquired on firing Fed Chairman Powell
  • S&P 500 tumbled 7.1 percent last week, most since 2011
The Federal Reserve building in Washington, D.C., U.S

The Federal Reserve building in Washington, D.C., U.S

Photographer: Andrew Harrer/Bloomberg
Updated on

U.S. stocks futures rose, signaling the S&P 500 will rebound from its worst week since 2011 as investors speculated the sell-off went too far, too quickly.

Contracts on the S&P 500 advanced 0.6 percent at 8:45 a.m. in London, extending their earlier gains and on track to halt the longest slide in a year despite European equities trading lower after the open. Dow Jones Industrial Average futures gained 0.5 percent, while Nasdaq 100 contracts climbed 0.8 percent.