Tuesday, April 23, 2019
Home Business Dow futures point to a gain of 200 points as bond yields...

Dow futures point to a gain of 200 points as bond yields stabilize

US equity index futures were higher on Tuesday as government bond yields stabilized following a recent sharp decline.

Consumer confidence is around 10:00 ET, while new housing construction has dropped more than 8% and estimates are largely lacking. The building permits were less than expected.

Wall Street is closed on Monday with small gains. News that Special Prosecutor Robert Mueller found no evidence that President Donald Trump was working with presidential candidates on Russia in 2016 strengthened the markets by eliminating some uncertainty. Investors were also confident that Trump would avoid the Mueller investigation to draw attention to the consolidation of trade agreements. Overall, however, concerns about the global economy have limited market profits.

Bed Bath & Beyond shares rose more than 20 percent in the market after the Wall Street Journal reported that three activist investors are seeking to replace the company's entire board of directors. The stock was well on its way to achieving its biggest one-day since 2009.



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