Futures Bounce on Easing Debt-Ceiling, Inflation WorriesEpoch Times, United States politics | The Epoch Times

U.S. stock index futures bounced on Thursday after a temporary truce in the debt-ceiling standoff in Congress relieved concerns of a possible government debt default, while a dip in oil prices eased worries of higher inflation. Top U.S. Senate Republican Mitch McConnell on Wednesday floated a plan to support an extension of the federal debt ceiling into December, potentially heading off a historic default. High-growth stocks including Apple Inc., Amazon.com Inc., Microsoft Corp., and Alphabet Inc., led the charge in premarket trading, rising between 1 percent and 1.2 percent amid a dip in the benchmark U.S. 10-year Treasury yield on Thursday. European and Asian stocks rose earlier in the day after cooling oil and gas prices offered relief to investors worried about runaway inflation. U.S. energy stocks including Chevron Corp., Exxon Mobil Corp., and APA Corp. led declines with falls between 0.6 percent and 2.1 percent. Investors also looked forward …Read More

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