Stock futures pointed to gains Monday as Wall Street looked set to build on an end-of-week surge precipitated by a softer-than-expected jobs report that helped spur bets toward an earlier rate cut from the Federal Reserve. Futures tied to the S&P 500 , the tech-heavy Nasdaq Composite , and the Dow Jones Industrial Average were all up around 0.3%.
Most traders now expect at least two cuts by the end of the year. Those bets could be swung by the return of Fedspeak, now that free-speaking Fed officials are untethered from a pre-meeting blackout period. New York Fed President John Williams and the Richmond Fed’s Thomas Barkin are set for remarks Monday, while Minneapolis' Neel Kashkari is set to speak Tuesday. In corporate news, Disney will take center stage this week as earnings season starts to wind down.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Stocks rally after Fed decision as Powell soothes rate nervesFed day arrives with the focus on what clues Powell will offer to the chances for rate cuts this year.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks surge as jobs report revives rate-cut bets, Apple jumps 6%Surprisingly upbeat Apple earnings were boosting spirits in the wait for the monthly jobs report.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks end mixed in volatile session after Fed decision, Powell commentsFed day arrives with the focus on what clues Powell will offer to the chances for rate cuts this year.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Nasdaq sinks 2% as stocks plummet to end worst month of 2024Investors marked time ahead of the Fed's rate decision, with earnings from Amazon on deck to test prospects for a Big Tech-fueled bump.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks edge higher to start big week, Tesla surges 15%Tesla is providing a boost ahead of a big week filled with a Fed rate decision, the monthly jobs report, and more Big Tech earnings.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: US stocks tumble after Meta's reality check, soft GDP printMeta's AI reality check has dented hopes for a Big Tech revival for stocks, with a GDP update showing the US economy grew slower than expected in the first...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »