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US futures are hesitant before and after the statement of Steven Mnuchin
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Loading...US stock-index futures hovered in a tight range on Thursday as investors awaited a television interview with the Treasury secretary.
Traders are eager to get more details on the administration’s plans for business tax reform, updates on its plans to push for changes to the Affordable Care Act and further information on its stance on the buoyant dollar.
Several leading chief executives of American manufacturers will also be meeting President Donald Trump at the White House later in the day. Similar meetings in the past have prompted reactions in corners of the equities market.
In early trading, S&P 500 futures were up by less than a point at 2,361.8 and Nasdaq 100 futures were little changed at 5,352.5. Dow Jones Industrial Average futures were also steady at 20,758 after the blue-chip index on Wednesday notched its longest record setting streak since 1987.
Elsewhere, US Treasury prices were slightly higher, knocking yields lower. The benchmark 10-year yield was off by 1.6 basis points to 2.402 per cent. US oil prices rose by 1.3 per cent to $54.27 a barrel.
Treasury Secretary Steven Mnuchin said Thursday that he wants to see "very significant" tax reform passed before Congress' August recess.
"We want to get this done by the August recess. We've been working closely with the leadership in the House and the Senate and we're looking at a combined plan."
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