Previous close | 4,008.01 |
Open | 4,052.00 |
Volume |
Day's range | 4,033.93 - 4,090.72 |
52-week range | 3,858.87 - 4,818.62 |
Avg. volume | 4,151,147,166 |
U.S. stock futures opened higher Tuesday afternoon after rallying during the regular trading day, as investors took in reassurances from Federal Reserve Chair Jerome Powell that the central bank was set on using its policies to bring down inflation still running at multi-decade highs.
U.S. stocks pushed higher Tuesday, buoyed by a rally in tech shares, as all three indexes clawed back from intense selling last week spurred by worried worries around persistent levels of inflation and the prospect of an economic slowdown.
Ryan Detrick, chief market strategist at LPL Financial, offers his take on why there won't be a recession later this year and what other optimism that consumer sentiment suggests.