Stock futures jumped Wednesday morning as traders awaited the Federal Reserve’s latest monetary policy decision and updated economic projections later in the day. More positive developments on the outlook for Russia-Ukraine talks also helped boost U.S. and global equities.
Contracts on the S&P 500, Dow and Nasdaq were each higher by more than 1% in pre-market trading. These moves built on gains from Tuesday, when the S&P 500 closed higher by more than 2% to shake off some of the volatility recently gripping U.S. equities. Treasury yields steadied after moving sharply higher, and the 10-year yield hovered above 2.1% for its highest level since 2019.
At least one Kremlin official reportedly struck an upbeat tone on discussions with Ukraine early Wednesday, helping provide a boost to stocks recently roiled by geopolitical turmoil. Kremlin spokesperson Dmitry Peskov suggested a proposal to…
