Will Today's Spending Data Justify a 3% Nasdaq Surge?
U.S. equity futures surged into Tuesday’s open with Nasdaq-100 futures up 3.2% and S&P 500 futures ahead 2.1%, even as the Federal Reserve begins its two-day June meeting with rates expected to hold steady at 3.50%–3.75%. The 10-year Treasury yield held in a range of 4.43%–4.50% as markets absorbed a packed 8:30 AM ET data slate including personal income, consumer spending, and employment cost…











