Stock Futures Rise After Two Consecutive Winning Weeks: Get Live Updates Here!

Traders on the floor of the New York Stock Exchange are feeling optimistic as stock futures show a slight uptick. This week, confidence surged after hints of possible lower interest rates.

The Dow Jones futures rose by 0.09%. Similarly, S&P 500 futures and Nasdaq 100 futures increased by 0.11% and 0.18%, respectively. This positivity comes after Wall Street’s major indices reported their second consecutive week of gains. The Dow climbed 1.7%, while the S&P 500 and Nasdaq saw increases of 0.9% and 0.8%, respectively.

Small-cap stocks also thrived, jumping over 3%. Investors seem hopeful for upcoming interest rate cuts from the Federal Reserve. Ross Mayfield, an investment strategist at Baird Private Wealth Management, noted that the S&P 500 Equal Weight Consumer Discretionary index reached a new high. He suggested that fears about the economy may not be accurate.

“Given the market’s upbeat signals, we may need to rethink concerns about a struggling U.S. consumer,” he wrote recently.

This week, all eyes are on the Federal Reserve, especially as central bank members head to Jackson Hole, Wyoming. This annual meeting usually provides insights into future interest rate policies. Current estimates show an 85% chance the Fed will trim rates during its September meeting, according to CME’s FedWatch tool.

Additionally, traders will be watching earnings reports from major retailers like Home Depot, Lowe’s, Walmart, and Target. So far, over 92% of S&P 500 companies that have reported earnings this quarter have exceeded Wall Street’s expectations, with around 82% surpassing forecasts, according to FactSet.

Overall, the stock market is showing signs of resilience. As traders digest economic news and earnings data, sentiment could shift, influencing where the market goes next.



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