Futures rise on bets of likely rate hike pause after SVB collapse

(Reuters) – U.S. stock index futures jumped on Monday after authorities stepped in to restore investor confidence after the collapse of Silicon Valley Bank (SVB), while investors wagered a rate hike by Federal Reserve in March was no longer a certainty. Futures tracking the tech-heavy Nasdaq rose the most among Wall Street peers as U.S. Treasury yields dipped to one-month lows, with some investors now pricing in a pause in the Fed’s rate hikes in March. The benchmark S&P 500 lost 4.6% last week marking its biggest weekly percentage decline since September, erasing nearly all of its year-to-dat…

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