Futures rise as megacap, chip stocks bounce

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Halifax police investigating Monday morning Dartmouth death as suspicious | SaltWire #newsupdate - U.S. stock index futures ticked up on Tuesday as most megacap and chip stocks advanced, while investors readied for more data to assess the Federal Reserve's rate path in a week curtailed by the Easter long-weekend break.

The index is expected to have risen 0.4% in February and 2.5% on an annual basis. Core inflation, which excludes volatile food and energy components, is estimated to have risen 0.3% last month, which would keep the annual pace at 2.8%, as per economists polled by Reuters.

Fed officials said on Monday they still had faith that U.S. inflation will ease, but also acknowledged an increased sense of caution around the debate. Most megacap growth stocks edged higher in premarket trading, with Tesla leading the charge, up 3.4%.

 

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