The U.S. Treasury Department has doubled its long-term bond buyback program... Interest rates plunge and stock futures soar.

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On the 19th (local time), US major stock index futures rose across the board in pre-market trading of the New York Stock Exchange.

The Dow Jones Industrial Average futures rose 272 points (0.51%), and the Standard & Poor's (S&P) 500 futures rose 0.45%. The Nasdaq 100 futures, which are centered on technology stocks, also rose 0.5%.

Although selling pressure poured in mainly on tech stocks due to a sharp rise in global long-term interest rates the previous day, the atmosphere reversed in just one day. In particular, the US 30-year Treasury bond yield, which soared to its highest level in 19 years the previous day, plummeted immediately after the Treasury Department's announcement, giving growth stocks sensitive to high interest rates a breather.

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https://m.newspim.com/news/view/20260819001275

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