Precise Investors Editorial Team
S&P 500 Futures rose 0.1% to 6,510.25 points, while Dow Jones Futures added 0.1% to 45,618.0 points
U.S. stock index futures were little changed on Monday evening after the country’s stock exchange closed higher in the regular session, with the Nasdaq reaching a new record high amid optimism around a potential central bank rate cut next week.
S&P 500 Futures rose 0.1% to 6,510.25 points, while Nasdaq 100 Futures were largely unchanged at 23,810.0 points by 00:07 GMT. Dow Jones Futures added 0.1% to 45,618.0 points.
In the regular trading session on Friday, the S&P 500 advanced 0.2%, while the Dow Jones Industrial Average ended 0.3% higher.
The NASDAQ Composite rose 0.5% on Monday, hitting a new record closing high.
Gains in semiconductor stocks, led by Broadcom Inc after it announced stronger-than-expected earnings last week, powered the rally and underscored investor enthusiasm for the sector.
The upbeat market tone came as expectations grew that the central bank would begin lowering interest rates at its September meeting, following soft U.S. jobs data that pointed to a cooling labor market.
Nonfarm payrolls rose by just 22,000 in August, well below forecasts, while the unemployment rate increased to 4.3%, its highest in more than a year.
Money market traders now fully see a probability that the central bank will cut rates by at least 25 bps next week, per the CME’s FedWatch tool. Odds of a more aggressive 50 bp cut have also risen.
Attention is now turning to Thursday’s consumer price index (CPI) report for August, which could be critical in determining how aggressive the central bank can be in easing policy.
The figure is expected to reflect some of the inflationary effects of Trump’s tariffs, given that a bulk of them took effect last month.
Producer price index (PPI) inflation data is also due on Thursday.
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