US Stock Futures Climb as Market Reacts to Fed Chair's Comments

In early Thursday trading, US stock futures saw significant gains, with the Dow Jones Industrial Average futures leading the charge by jumping more than 370 points. This uptick followed a speech by Federal Reserve Chair Jerome Powell, which reassured investors about market functionality.

Market Movements in Detail

At precisely 4:11 am ET, the Dow Jones Industrial Average futures were up by 370 points, marking a 0.93% increase. Not far behind, S&P 500 futures advanced by 1.14%, and Nasdaq 100 futures experienced a notable 1.29% rise.

Currency Markets Reaction

Meanwhile, in the currency markets, the euro experienced a slight decline against the dollar, dropping by 0.24% to $1.13701 by 4:25 am ET.