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US stock-index futures hovered in a tight range on Thursday as investors awaited a television interview with the Treasury secretary.

Steve Mnuchin is set to speak on CNBC, the business TV network, at 7 am ET. Traders are eager to get more details on the administration’s plans for business tax reform, updates on its plans to push for changes to the Affordable Care Act and further information on its stance on the buoyant dollar.

Several leading chief executives of American manufacturers will also be meeting President Donald Trump at the White House later in the day. Similar meetings in the past have prompted reactions in corners of the equities market.

In early trading, S&P 500 futures were up by less than a point at 2,361.8 and Nasdaq 100 futures were little changed at 5,352.5. Dow Jones Industrial Average futures were also steady at 20,758 after the blue-chip index on Wednesday notched its longest record setting streak since 1987.

Elsewhere, US Treasury prices were slightly higher, knocking yields lower. The benchmark 10-year yield was off by 1.6 basis points to 2.402 per cent. US oil prices rose by 1.3 per cent to $54.27 a barrel.

Copyright The Financial Times Limited 2017. All rights reserved.
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