June 21, 2013 12:03 PM
The U.S. stock market is opening higher as traders regroup following the biggest drop of the year. U.S. stock futures are rising, shaking off a jolt delivered to global markets by the Federal Reserve. Stock futures fell, adding to a more than 1 percent drop in U.S. equities a day earlier, after Federal Reserve Chairman Ben Bernanke outlined the start of a wind-down of stimuli that has been instrumental to the market's rally. Bernanke said that the U.S. economy was expanding strongly enough for the Federal Reserve to begin slowing the pace of its bond-buying stimulus later this year.