Futures rise ahead of data, speeches from Fed officials
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Futures up: Dow 0.29%, S&P 0.39%, Nasdaq 0.47%
May 10 (Reuters) -U.S. stock index futures rose on Friday with focus on speeches from Federal Reserve officials, after economic data this week supported bets of U.S. interest rate cuts and lifted investor sentiment.
Wall Street indexes were back in sight of record highs following a selloff last month, as a slew of economic data pointed to cooling labor market momentum, raising expectations that the Fed will cut borrowing costs more than once this year.
Traders are currently pricing in 46 basis points of rate cuts by the end of 2024, according to LSEG's rate probabilities tool, with the first cut of 25 bps seen in September.
Expectations of U.S. monetary policy easing, along with a much better-than-expected earnings season put the benchmark S&P 500 .SPX and the tech-heavy Nasdaq Composite .IXIC on track for their third consecutive week of gains.
The blue-chip Dow .DJI, currently on its longest daily winning run since December, was set for a fourth week of gains.
The University of Michigan's preliminary survey of consumer sentiment for May is due at 10 a.m. ET.
Investors will also focus on speeches from a host of Fed policymakers — Governor Michelle Bowman, Minneapolis President Neel Kashkari, Dallas President Lorie Logan and Vice Chair for Supervision Michael Barr — during the day.
While most Fed policymakers have reiterated that the next policy move will be a rate cut, doubt still remains about when the easing will begin.
There is "considerable" uncertainty about where U.S. inflation will head in coming months, San Francisco Fed President Mary Daly said on Thursday.
By 5:57 a.m. ET, S&P 500 e-minis EScv1 were up 20.25 points, or 0.39%. Nasdaq 100 e-minis NQcv1 climbed 86.25 points, or 0.47%, and Dow e-minis 1YMcv1 added 116 points, or 0.29%.
Nvidia NVDA.O gained 1.4% in premarket trading after Taiwan Semiconductor Manufacturing Co 2330.TW, the world's largest chipmaker and a major supplier to Nvidia, reported a near 60% jump in April sales.
Akamai Technologies AKAM.O fell 10.6% after it forecast second-quarter revenue and profit below Wall Street estimates, anticipating weak demand for its content delivery services.
SoundHound AI SOUN.O, whose technology allows humans to interact conversationally with products such as phones and cars, jumped 16.4% after its first-quarter revenue beat market estimates.
Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
