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US Futures Are Ripping Higher

Jul 11, 2013, 17:23 IST

U.S. stock market futures are surging ahead of today's trading session.

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Dow futures are up 148 points.

S&P 500 futures are up 18 points.

Nasdaq futures are up 31 points.

Meanwhile, the dollar is sinking and gold is rallying.

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All of this comes after the dovish tone from Federal Reserve Chairman Ben Bernanke during a Q&A in Massachusetts yesterday afternoon. Here were two key takeaways from Business Insider's Matthew Boesler:

  • Just because the Fed may begin tapering soon, interest rates will still be pinned at current ultra-low levels for a long time.
  • Bernanke said that the unemployment rate – a key indicator that will determine the future path of Fed monetary policy – probably understates the weakness in the U.S. labor market.

Here's a look at the action in Dow Futures via FinViz:

FinViz

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