S+P 500 futures rebound after Powell comments delivered a lower close yesterday

As noted a little earlier today when looking at the DAX, the US stock markets were making progress in early trading. The S+P 500 had opened lower yesterday, at 5,335.75 and pushed up to 5,367.24 as the European markets set mostly higher closes. Well, as you can see, that rebound did not hold and the US stock markets began to fall back. The S+P tumbled to 5,220.79 and later closed at 5,275.70. This all came after the Fed boss, Jerome Powell once again poured cold water on the idea of cutting interest rates at the moment, until there is more certainty on prices and inflation. Earlier today the index was pricing the opening close to 5,260, but it has rebounded now since the earlier Trump Japanese comments. The index is now pricing a higher opening for later, but of course that outlook may well chop and change over the coming hours. The S+P 500 is just now priced to reopen around 5,319