Mnuchin’s Busy Weekend Prompts Stock Futures Rebound [Fortune]
Bryn Mawr Bank Corporation (BMTC)
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Source: Fortune
U.S. stocks futures rose, signaling the S&P 500 will rebound from its worst week since 2011 as investors speculated the sell-off went too far, too quickly. Contracts on the S&P 500 advanced 0.6 percent at 8:45 a.m. in London, extending their earlier gains and on track to halt the longest slide in a year despite European equities trading lower after the open. Dow Jones Industrial Average futures gained 0.5 percent, while Nasdaq 100 contracts climbed 0.8 percent. The Stoxx Europe 600 fell 0.4 percent, led lower by banks, retail and personal & household goods. All sectors were in the red on a short trading day marked by low liquidity and continued concerns about growth and interest rates. Investors rattled by a months-long rout in American equities looked set for a reprieve ahead of the holidays even as tumult continues to lash markets. Treasury Secretary Steven Mnuchin reassured markets over the weekend that President Donald Trump does not intend to oust Federal Reserve Chair
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