Stocks rebound after a two-day slide
U.S. stock futures traded higher Wednesday, as traders tried to regain their footing following back-to-back losing sessions.
Futures tied to the Dow Jones Industrial Average rose 176 points, or 0.54%. S&P 500 and Nasdaq 100 futures each gained 0.6%.
Traders also digested mixed remarks from Federal Reserve officials. St. Louis Fed President James Bullard said Tuesday he was confident that the U.S. economy could achieve a “soft landing.” Meanwhile, San Francisco Fed President Mary Daly said the central bank’s work to tame inflation is “far from done,” while Chicago Fed’s Charles Evans said there’s a chance for a smaller rate hike at the next monetary policy meeting.
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