The Federal Reserve’s most recent policy meeting minutes provided traders with more information on the possibility of an interest rate cut, but Wednesday’s stock futures saw minimal movement.
Dow Jones Industrial Average-linked futures saw a 0.2% increase of 77 points. Also up by 0.2% were the S&P 500 and the Nasdaq-100.
Following the release of fiscal second quarter profits that above Wall Street’s projections, Target saw a premarket trading spike of almost 15%. On the other hand, a weaker full-year sales prediction caused rival retailer Macy’s to fall more than 8%.
Source (CNBC)
