US Futures Rise as S&P 500 Gains on Cooling Inflation and Tech Optimism

US futures rose with S&P 500 up 0.23% and Nasdaq 0.36% as soft CPI strengthened hopes for a Federal Reserve pause.

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35 days ago

US Futures Rise as S&P 500 Gains on Cooling Inflation and Tech Optimism

US Futures Rise as S&P 500 Gains on Cooling Inflation and Tech Optimism
US equity futures traded slightly higher in pre-market hours with S&P 500 futures up 0.23 percent and Nasdaq futures advancing 0.36 percent. The movement followed lower-than-expected October CPI data, which reinforced expectations that the Federal Reserve may pause rate hikes. Investors rotated toward technology shares including Nvidia and Apple, driving sentiment ahead of upcoming retail sales data. Treasury yields held near 4.4 percent while the dollar index eased below 105. 

Analysts said markets could extend gains if macro prints confirm a soft-landing trajectory for the US economy.

Companies:
  • Apple
  • Nvidia
Tags:
  • markets
  • US