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Federal Reserve Latest News: Stock Futures Edge Higher After Record Close

Wochit 1:11 mins

U.S. stock futures are up the morning after stocks hit all-time highs in the wake of the Federal Reserve chairman's reassurance about continued support for the economy. Data from the US central bank showed foreign central banks' overall holdings of U.S. marketable securities at the Federal Reserve fell in the last week. The Fed said its holdings of U.S. securities kept for overseas central banks fell $3.11 billion in the week ended July 10, to stand at $3.3 trillion. Overseas central banks, particularly those in Asia, have been huge buyers of U.S. debt in recent years and own more than a quarter of marketable Treasuries. China and Japan are the biggest foreign holders of Treasuries. Both the Dow and the S&P 500 set new closing highs in the wake of Ben Bernanke's latest remarks. The indexes soared over 1% following the Fed chair's comments on quantitative easing.

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