Federal Reserve, Intel and futures
Digest more
Wall Street futures were flat to slightly lower on Wednesday, as markets were guarded ahead of a widely anticipated interest-rate cut from the Federal Reserve later in the day, and Nvidia dipped after a report Chinese tech firms might stop buying its chips.
Investors reacted to the latest economic reports early Thursday, including readings on jobless claims and the Philadelphia Fed manufacturing survey. Both surpassed economists' expectations. Afterwards,
Contracts on the S&P 500 rose 0.9% on Thursday, shaking off a choppy few hours after the Fed’s quarter-point reduction on Wednesday. Nasdaq 100 futures gained more than 1%. US government bonds recovered, with the 10-year yield slipping four basis points to 4.05%. The dollar held on to its post-Fed advance.
U.S. stock futures are up. The market awaits the August jobs report, which could influence the Federal Reserve's next interest rate decision.
U.S. stock futures are trimming earlier gains on Thursday following the latest economic numbers, which showed modest inflationary pressures persisting in August and a larger weekly number of Americans applying for unemployment benefits than expected.
U.S. stock futures were swinging on Wednesday following Tuesday's negative moves. Futures of major benchmark indices were mixed.
U.S. stock futures rose in premarket trading on Monday ahead of this week's interest rate decision from the Federal Reserve.