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Stock market today: Nasdaq leads US futures higher while GameStop skyrockets

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Dow Jones Industrial Average Futures Notizia

Gamestop,Nasdaq,Nasdaq 100

US stocks are eyeing an upbeat start to June as hopes for rate cuts revive and the meme-stock mania roars back

Nasdaq futures rose on Monday, with US stocks eyeing an upbeat start to June as hopes for rate cuts revive and the meme-stock mania roars back. Contracts on the tech-heavy Nasdaq 100 and the S&P 500 gained 0.4% and 0.2%, respectively, as Nvidia shares popped on the heels of an AI chip update. Dow Jones Industrial Average futures lagged, hovering around the flatline. A surge in GameStop shares grabbed the spotlight, firing up speculation again of a return to a 2021-style meme rally.

Overall, stocks are on track to build on their strong performance in May, which saw all three major gauges break records during the month. The mood has turned more positive after PCE data gave hope that inflation has turned a corner, prompting optimism that the Federal Reserve will look more kindly on a cut to borrowing costs.

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