Stocks Futures Rise; Gold Hits New High
NEW YORK ( TheStreet) -- Stock futures were pointing to a stronger open Wednesday, the morning after minutes from the Federal Open Market Committee's last meeting showed that members debated whether to make adjustments to its quantitative easing program before June 2011.
Futures for the Dow Jones Industrial Average were up by 71 points, or 67 points above fair value, at 12,344. Futures for the S&P 500 were higher by 9 points, or 8 points above fair value, at 1336, and Nasdaq futures were ahead by 20 points, or 17 points above fair value.
A takeover in the semiconductor sector and high commodity prices helped U.S. indices finish Tuesday's session with mild gains.On Tuesday afternoon, minutes from the FOMC's March policy-setting meeting showed that most participants did not anticipate making adjustments to the $600 billion bond program before its intended completion but that a few members believed that the speedier recovery warranted tapering the size of the program.
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