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Stock futures are slightly higher ahead of Fed meeting, Nasdaq set to add to record

In this article ITAIHIVIDEO2:1502:15Inflation is kryptonite, says Bespoke Investment Group's HickeyClosing BellU.S. stock futures were slightly higher in early morning trading Tuesday after the Nasdaq Composite and S&P 500 registered new record highs ahead of the Federal Reserve's latest monetary policy meeting. S&P 500 futures gained about 0.1%. Nasdaq 100 futures also added 0.1%. Dow Jones Industrial average futures were higher by about 13 points. There were very few standout premarket performers. Some reopening plays, such as Boeing and cruise lines, traded slightly higher early Tuesday. On Monday, S&P 500 gained 0.2% to close at a new record of 4,255.15. The Dow, however, fell 85 points. The Nasdaq Composite was the relative outperformer, gaining 0.8% to close at an all-time high of 14,174.14. Investors are pouring back into growth stocks as bond yields keep falling. The 10-year Treasury rate hit a three-month low last Friday and hovered around 1.5% on Monday. Yields were..

The U.S. and EU are nearing a truce on the Boeing-Airbus dispute

US President Joe Biden (L) and France's President Emmanuel Macron (C) talk with President of the European Commission Ursula von der Leyen after the family photo at the start of the G7 summit in Carbis Bay, Cornwall on June 11, 2021.PATRICK SEMANSKY | AFP | Getty ImagesLONDON — The United States and the European Union are moving closer to an agreement on a 17-year-long dispute over aircraft subsidies, as they gear up for their first summit since 2014 on Tuesday. President Joe Biden and his EU counterparts are keen to show that there is new momentum in the trans-Atlantic relationship. CNBC reported last week that the EU was pressing the White House to reach a deal to end trade tariffs imposed during the Donald Trump presidency, in relation to the Airbus and Boeing dispute that first emerged in 2004. "We are working on it," an EU official, who did not want to be named due to the sensitive nature of the trade negotiations, told CNBC Tuesday. A second EU official, who also did not want..

UK agrees post-Brexit trade deal with Australia

British Prime Minister Boris Johnson (R) elbow-bumps a greeting with Australian Prime Minister Scott Morrison (L) in the doorway of 10 Downing Street in London, United Kingdom on June 14, 2021.Anadolu Agency | Anadolu Agency | Getty ImagesThe U.K. has agreed a free trade deal with Australia which it said marked a "new dawn" in its relationship with the country. The deal — known as a Free Trade Agreement or FTA — means it will cost less for British businesses to sell products like cars, confectionery and Scotch whisky into Australia, the U.K. government said Tuesday. The move will boost U.K. industries that employ 3.5 million people across the country, it added. "Today marks a new dawn in the UK's relationship with Australia, underpinned by our shared history and common values," U.K. Prime Minister Boris Johnson said in a statement. "Our new free-trade agreement opens fantastic opportunities for British businesses and consumers, as well as young people wanting the chance to work a..

Triple digit temps reach the northern Rockies

Parts of Montana felt like Arizona yesterday, as the late Spring heat wave continues.. CNN Meteorologist Pedram Javaheri has the forecast.