U.S. stock futures edged higher, suggesting that the S&P 500 is on course for a third consecutive record close
are providing a lift to technology stocks because investors are renewing bets on companies that would benefit from lockdowns and people working from home.
“The fact that the Fed is willing to start to taper in the face of this Delta variant coming through does suggest they have confidence that the economy is going to stand on its own two feet,” said Peter Langas, chief portfolio strategist at Bessemer Trust. Mr. Powell’s signals that policy makers will only gradually cut back on asset purchases, and that they are still a long way from raising interest rates, also offers a cushion for the market against any shock factors, he added.
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