U.S. Stock Futures Advance as Investors Weigh Stimulus Talks
- Contracts slid earlier after House panel urged tech breakup
- Trump halts stimulus talks, spurning Powell and roiling market
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U.S. index futures rose and pointed toward a rebound from Tuesday’s selloff as investors assessed the progress of a stimulus plan and a House panel proposal for far-reaching antitrust reforms to curb the power of American technology giants.
Fresh comments from U.S. President Donald Trump calling for support for airlines and the Paycheck Protection Program helped reverse earlier losses. December contracts on the S&P 500 Index added 0.7% as of 8:25 a.m. in London, rebounding from a 0.6% loss. Futures on the Nasdaq 100 Index also advanced 0.7%, erasing a drop of as much as 0.6%.