US stock futures bounce back a day after falling on worries Fed will dial back stimulus

NEW YORK, N.Y. – U.S. stock futures are bouncing back the morning after major indicators fell on worries that the Federal Reserve could soon pull back on bond buying that has been propping up the economy.

Dow Jones industrial futures are up 35 points at 15,913. The broader S&P 500 futures are up 3 points to 1,783. Nasdaq futures are up 8 points to 3,375.

Stock and bond prices fell a day earlier after minutes from the Fed’s latest meeting showed that the U.S. economy was improving steadily enough to warrant a reduction in stimulus in “coming months.”

Stock indexes have been pushing through record highs in recent weeks. But the S&P index is down 1 per cent so far this week.