Nasdaq to continue to dig out of last week’s hole


U.S. stock futures rose Wednesday, with the Nasdaq tracking for a third session of gains as tech stocks continued to dig out of last week’s hole. However, the Nasdaq, as of Tuesday’s close, remained more than 7% below its Sept. 2 record high. The Dow Jones Industrial Average and S&P 500, which on Tuesday each locked in three-session winning streaks, were still 5% off their record highs on Feb. 12 and Sept. 2, respectively. (CNBC)

* Blackstone warns of a ‘lost decade’ where stock market returns are ‘anemic’ (CNBC)

On Wednesday’s economic calendar, the government said this morning that August retail sales rose 0.6%. Economists had expected an increase of 1%. July’s gain was revised lower to a 0.9% advance. (CNBC)

* Mortgage demand fell last week as interest rates stalled (CNBC)

At the conclusion of its two-day September meeting this afternoon, the Federal Reserve releases its

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