Stock market today: US futures rise as new quarter kicks off

US stocks looked set to kick off 2024's second quarter on a high note Monday as investors looked to softening in the Federal Reserve's preferred inflation gauge as a sign of a coming interest rate cut this quarter. Futures tied to the S&P 500 and the Dow Jones Industrial Average rose around 0.3%. The blue-chip Dow Jones was eyeing the key 40,000 mark. Those tied to the tech-heavy Nasdaq Composite led the gains, rising about 0.4%.

Markets were closed Friday, but the week's data highlight — the Personal Consumption Expenditures price index — served to boost hopes of rate cuts this year. That index contains "core" PCE, the Fed's preferred inflation gauge. The report showed core PCE rose 0.3% month over month, below economist expectations. Fed Chair Jerome Powell said Friday that the data was "along the lines" of what the Fed is looking for.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

U.S. companies' stock purchases via buybacks, M&A to hit 6-year high in 2024, Goldman saysExplore stories from Atlantic Canada.
Fuente: SaltWire Network - 🏆 45. / 63 Leer más »

U.S. companies' stock purchases via buybacks, M&A to hit 6-year high in 2024, Goldman says'A surge in share buybacks and continued growth in cash mergers and acquisitions (M&A) will be the primary drivers of corporate equity demand,' Cormac...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »