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Benzinga
Benzinga
Business
Shanthi Rexaline

S&P 500, Nasdaq Futures Trade Modestly Higher On Tuesday As Rate Hike Fears Keep Wall Street Muffled

Wall Street’s mood is still somber despite the steep declines seen in the past couple of sessions. The major U.S. index futures are pointing to a modestly higher open on Wall Street on Tuesday.

The technology sector led Monday’s sell-off that was triggered by uncertainty around the interest rate outlook. The Nasdaq Composite index slumped 2.55% to 12,381.57, its lowest level since early August.

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