SINGAPORE, May 26 — US stock futures rose 2 per cent today and breached a major chart barrier as investors brushed aside China-US trade tension and braced for a re-opening of the world economy.
S&P 500 E-Minis rose 2 per cent to 3,012 points, with 299,852 contracts changing hands. The S&P 500 index closed mostly unchanged on Friday at 2,955.45 points and the futures contract was up 1.9 per cent from that close.
The futures contract broke through 2,988.38, a 200-day simple moving average, suggesting a strong day ahead for US stocks.
Futures on the Dow Jones index were up 517 points, or 2.12 per cent. — Reuters