U.S. stock futures rose on Tuesday after declining on Monday. Futures of major benchmark indices were higher.
On Monday, the month of December kicked off with benchmark indices declining after a five-day winning streak.
Meanwhile, the UK and the U.S. reached a landmark agreement to eliminate tariffs on British pharmaceutical products being exported to America. The U.S. has also pledged not to challenge the UK's pharmaceutical pricing practices in any sector investigations for the remainder of President Donald Trump‘s term.
The 10-year Treasury bond yielded 4.09% and the two-year bond was at 3.53%. The CME Group's FedWatch tool‘s projections show markets pricing an 87.2% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.
