April 1 - Futures tracking Wall Street's main stock indexes rose on Monday after the latest inflation print showed moderating consumer prices, bolstering hopes of an early interest rate cut by the Federal Reserve.
Fed Chair Jerome Powell said on Friday that the latest U.S. inflation data was"along the lines of what we would like to see" - comments that appeared to keep the central bank's baseline for interest rate cuts this year intact. Most megacap growth stocks, which stand to benefit from lower interest rates, rose in premarket trading, with Microsoft , opens new tab, Nvidia , opens new tab and Tesla , opens new tab up around 0.6% each.
On the data front, the S&P Global's final manufacturing PMI report is expected at 9:45 a.m. ET and the ISM manufacturing PMI report is due at 10:00 a.m. ET. Spirit Airlines , opens new tab gained 2.9% after the budget carrier said it would get a monthly credit from International Aero Engines through the end of 2024 as compensation for not being able to operate its jets with engine issues.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The 3 biggest market risks after the AI rallyThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
The Metals, Money, and Markets Weekly March 1, 2024: No expectationsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Gold bears are hibernating this week as the market sees record closing priceThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Gold price vs. Bitcoin price record rally: Mixed market signals, here's what it all means — Gareth SolowayThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Gold price rallies to record high after overall weaker U.S. jobs reportThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Is gold ready to take a breath next week after hitting record highs?The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »