U.S. stock index futures up slightly Fed's attitude unclear
U.S. stock index futures rose slightly late Sunday after Wall Street's recent rally cooled, with investors cautious ahead of additional inflation and Federal Reserve data due later in the week.。
U.S. stock index futures rose slightly on Sunday evening after Wall Street's recent rally cooled, with investors cautious ahead of additional inflation and Fed data due later in the week.。
S & P 500 futures were unchanged at 5,291 as of 19: 29 Eastern time (23: 29 GMT).50, Nasdaq 100 futures were flat at 18,572.75 points。Dow futures down 0.1%, at 39,835.00 points。
With the Fed hinting at cutting interest rates at least three times this year, and the continuing hype over the continued development of artificial intelligence, Wall Street indices hit new highs this week, especially the surge in shares of Nvidia (NASDAQ: NVDA), which attracted investors' attention.。
However, the March 22 rally cooled, with analysts predicting that Wall Street could see some near-term corrections as traders took profits after record gains so far in 2024.。S & P 500 down 0.1%, at 5,234.18 points。Nasdaq Composite Index Up 0.2% at 16,428.82 points, led by Nvidia, while the Dow Jones Industrial Average fell 0.8%, at 39,475.90 points。
The three indices have largely remained near last week's record highs, with gains of between 4% and 10% so far in the first quarter of 2024.。End-of-quarter reallocation could also lead to weakness on Wall Street。
This week, personal consumption spending statistics are coming out。Markets were cautious ahead of the data given the Fed's recent reaffirmation that inflation will drive a rate cut in 2024.。
Although U.S. inflation fell significantly last year due to high interest rates, it is still well above the Fed's annual 2% target - a pattern that has been a major source of dissatisfaction for the central bank。
There are also a number of Fed officials who will speak this week, including Rafael Bostic and Mary Daley, members of the rate decision committee, who will speak on Monday and Friday, respectively.。Fed Chairman Jerome Powell, who will also speak this week, showed a degree of dovishness at last week's Fed meeting。
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