Futures eke out gains after Fed holds rates steady

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REUTERS: U.S. stock index futures edged higher on Thursday, a day after the Federal Reserve held interest rates steady and struck an optimistic ...

REUTERS: U.S. stock index futures edged higher on Thursday, a day after the Federal Reserve held interest rates steady and struck an optimistic tone on the outlook of the economy.

The Fed's move to ease monetary policy this year has supported the rise in stocks to record highs, along with a slightly calmer tone on trade and some relief in corporate earnings. The S&P 500 index is up 25per cent so far in 2019. Also in focus is European Central Bank President Christine Lagarde who is expected to keep interest rates on hold in her first policy meeting after taking over the role.At 6:53 a.m. ET, Dow e-minis were up 14 points, or 0.05per cent. S&P 500 e-minis were up 2.25 points, or 0.07per cent and Nasdaq 100 e-minis were up 9.5 points, or 0.11per cent.

 

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