American stocks to open higher

30.03.2016 / 15:56

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U.S. stock index futures indicated a higher open with indexes set to continue a rally after a dovish speech by Federal Reserve Chair Janet Yellen on Tuesday.

Dow futures were briefly up 100 points, while S&P and Nasdaq futures were also up sharply.

Futures held earlier gains after ADP employment numbers showed 200,000 positions were added in March, matching expectations and just under the 205,000 projected for the government's nonfarm payrolls Friday.

The U.S. dollar index pared losses, off about 0.17 percent, with the euro at $1.13 and the yen at 112.65 yen against the greenback. The dollar is down more than 1 percent for the week so far.

Speaking to the Economic Club of New York on Tuesday, Yellen noted it is appropriate for policymakers to proceed "cautiously."

CNBC

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American stocks to open higher

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