Stock Futures Gain, Pointing to Major Indexes Rallying

U.S. stock futures gained on Tuesday, suggesting that the major indexes will continue a rally that helped them breach record highs at the end of last week.

Futures on the S&P 500 rose 0.5% and contracts on the Dow Jones Industrial Average strengthened 0.6%. Changes in equity futures don’t necessarily predict movements after the markets open.

U.S. markets were closed on Monday for the Presidents Day holiday.

The yield on 10-year U.S. Treasurys strengthened to 1.229%, from 1.199% on Friday. Yields and prices move in opposite directions.

Overseas, European stocks climbed Tuesday for a four-day winning streak. The pan-continental Stoxx Europe 600 added 0.2%, and the U.K.’s FTSE 100 gained 0.6%.

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