U.S. Stock Futures Rise Ahead of Big Tech Earnings and Fed Rate Decision
U.S. stock futures climbed in early trading as investors positioned for a pivotal week featuring earnings from tech giants and a likely Federal Reserve rate cut. Nasdaq 100, Dow Jones, and S&P 500 futures advanced 1.0%, 0.57%, and 0.78% respectively, extending Friday's record highs across major indices.
Market optimism stems from cooling inflation data and expectations of Fed policy easing. The central bank's October 29 meeting looms large, with traders pricing in near-certain rate reductions. Simultaneously, earnings reports from Alphabet, Amazon, Apple, Meta, and Microsoft will test the tech sector's leadership in driving equity gains.