By Oliver Gray
Investing.com - U.S. stock futures were trading in a tight range during Tuesday’s evening deals, after major benchmark indices finished the regular session higher as market participants proved optimistic amid easing inflation pressures and prospects of smaller interest rate increases from U.S. Federal Reserve policymakers.
In extended deals, Nordstrom Inc (NYSE: JWN ) lost 8.8% after reporting EPS of $0.20 versus $0.13 expected on revenues of $3.5 billion versus $3.47 billion expected, while reaffirming its full-year guidance.
Ahead in Wednesday’s session, minutes from the latest FOMC meeting will be closely watched for further insight into the central bank’s future monetary policy settings, amid growing of a smaller 50 basis point increase in December as inflation pressures ease. In addition, investors will be monitoring fresh jobless claims , durable goods , and new home sales data.
Markets will remain closed on Thursday for Thanksgiving and are also set to close early on Friday.
During Tuesday’s regular trade, the Dow Jones Industrial Average added 397.8 points or 1.2% to 34,098.1, the S&P 500 gained 1.4% or 53.6 to 4,003.6, and the Nasdaq Composite gained 149.9 points or 1.4% to 11,174.4.
On the bond markets, United States 10-Year rates were at 3.758%.
Correction: This story has been corrected to say Nordstrom reaffirmed its full-year guidance. An earlier version mischaracterized its outlook.
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