π¨ US stock futures rise as weak payrolls put rate cuts back on the menu π§π»βπ»π
U.S. stock index futures rose in evening trading on Sunday, buoyed by weaker-than-expected labor data, fueling expectations for a rate cut in September. This optimism was reinforced by strong earnings, particularly from Apple Inc., which reported better-than-expected revenue and profit figures.
Despite signs of a cooling labor market, inflation remains above the Federal Reserve's 2% annual target, potentially delaying rate cut plans. Investors are closely watching speeches from several Fed officials this week for further guidance on interest rates. While Wall Street saw gains at the start of May, it's still recovering from losses in April due to concerns about prolonged higher rates. The upcoming earnings reports from companies like Uber Technologies Inc. and The Walt Disney Company will provide additional insights into market trends.
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