Factory Data Fuels Early Gains for US Futures as Investors Weigh Growth Against Rates
S&P 500 and Nasdaq futures edged higher Tuesday morning, buoyed by a stronger-than-expected reading on U.S. manufacturing activity. The January ISM PMI reading of 52.6 suggests the sector is expanding, though steady Treasury yields near 4.27% remind markets that the Federal Reserve's higher-for-longer rate stance remains a headwind for some sectors.