13 Mar 2018

Stock futures pare gains after Tillerson removed as Secretary of State

(Reuters) – U.S. stock index futures trimmed early gains on Tuesday after U.S. President Donald Trump ousted Secretary of State Rex Tillerson.

Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 2, 2018. REUTERS/Andrew Kelly

Trump said he had replaced Tillerson with Central Intelligence Agency Director Mike Pompeo, and had tapped Gina Haspel to lead the CIA.

Futures had gained about 0.4 percent after U.S. consumer prices data cooled worries about faster U.S. interest rate hikes.

At 8:52 a.m. ET, Dow e-minis 1YMc1 were up 76 points, or 0.3 percent, with 16,110 contracts changing hands.

S&P 500 e-minis ESc1 were up 9.5 points, or 0.34 percent, with 179,598 contracts traded.

Nasdaq 100 e-minis NQc1 were up 24.5 points, or 0.34 percent, on volume of 20,785 contracts.

Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur

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