Monday, 26 August 2019
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Dow futures surge more than 100 points on hopes of aggressive easing from the Fed

U.S. stock index futures continued to surge Friday morning after two influential Federal Reserve officials hinted at more aggressive policy easing from the central bank.

At around 4:30 a.m. ET, Dow futures were up by 129 points and implied a positive open of around 120 points, while S&P 500 and Nasdaq futures were also seen climbing.

Stocks had been heading south on Thursday until New York Fed President John Williams said the central bank needed to œact quickly when the economy was slowing and rates were low, adding in a speech that it is œbetter to take preventative measures than wait for disaster to unfold.

Source : CNBC

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