US stock futures surge on rate cut bets, strong tech earnings

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US stock futures surge on rate cut bets, strong tech earnings

Investing.com-- U.S. stock index futures rose in evening deals on Wednesday after the Federal Reserve signaled that an interest rate cut was close, while a slew of strong earnings from the technology sector also boosted stocks.

The Fed will have some inflation and labor market readings to consider before its September meeting. Markets are almost entirely pricing in a 25 basis point cut in September, according to

 

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