Stock futures soar as Summers pulls out of running for Fed chief - TopicsExpress

Stock futures soar as Summers pulls out of running for Fed chief • 8:37 PM S&P 500 (SPY) futures +1.1% following Larry Summers pulling out of the race to be Fed chief. Nasdaq 100 (QQQ) and DJIA (DIA) +1%. 10-year Treasury futures are up nearly a full point, translating into about a 10 basis point dip in the 10-year Treasury yield, which closed Friday at 2.88%. The greenback is lower across the board, down about half a percent vs. the euro (FXE), pound (FXB), yen (FXY), swissie (FXF), and loonie (FXC), and off a full percent vs. the aussie (FXA).

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