Futures Hesitate as China Lifts Rates
NEW YORK ( TheStreet) -- U.S. stock futures pointed to a largely flat open Tuesday, pulling back from the previous session's gains, as investors absorbed China's second interest rate hike in just over a month.
Futures for the Dow Jones Industrial Average were up by 8 points, or 2 points above fair value, at 12,116. Futures for the S&P 500 were higher by two-tenths of a point, or nearly two-tenths of a point above fair value, at 1316, and Nasdaq futures were ahead by 1 point, or 2 points below fair value.
Stocks held strong gains throughout Monday's session amid a spate of deals.The
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