US stock futures rise on China data ahead of upcoming Federal Reserve policy meeting

Business Insider Australia | Sep 15, 2020 at 1:40 PM
  • US stock index futures rose on Tuesday, pointing to a second day of gains on Wall Street, after Chinese data reflected ongoing recovery in the world’s second largest economy and investors eyed an upcoming Federal Reserve meeting on monetary policy.
  • A major catalyst for the gains in the stock market so far this year has been the Fed’s policy of cutting interest rates to near-zero and pumping trillions of dollars of cash into the financial system to encourage borrowing and ward off more damage to the economy.
  • The US dollar index fell as US futures creeped up.