U.S. stock futures rise as traders anticipate Fed rate cuts after weaker-than-expected April employment report.
U.S. stock futures rose on Monday as traders anticipated Federal Reserve interest rate cuts following a weaker-than-expected April employment report. The S&P 500 and Dow closed at three-week highs last week, with traders now expecting 48 basis points of rate cuts by the end of 2024, potentially starting in September or November. This follows a more stable performance of U.S. stock indexes after a turbulent April, with better-than-expected first-quarter earnings and hopes for U.S. monetary policy easing drawing buyers back into the market.
May 06, 2024
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