U.S. equity futures edged higher Monday, following on the from the best week for the S&P 500 benchmark since November of last year, as investors pulled rate cut bets forward into early spring following a muted jobs report dovish Fed signaling.
The combination of slowing jobs growth, solid third earnings prospects and an economy that is still showing resilient health, investors are betting on both a near-term soft landing with the prosect of policy easing over the mid-term. On Wall Street, with stocks heading into a week relatively bereft of heading risks, futures contracts tied to the S&P 500 are indicating a modest 9 point gain to add to last week's 5.8% advance while those linked to the Dow Jones Industrial Average are likely to rise around 37 points.
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