Futures bounce on easing debt-ceiling, inflation worries

Published by
Reuters

By Shreyashi Sanyal (Reuters) – 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% and 1.2% amid …

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