U.S. stock index futures were mostly stable in evening trading on Monday, as Wall Street recovered from last week’s sharp losses. With attention now shifting to the upcoming inflation data, traders are keeping a close eye on interest rate predictions from the Federal Reserve. 📊
Tech stocks faced a rough selloff last week, contributing to Wall Street’s worst decline in years. However, Monday brought some relief with the S&P 500 and Nasdaq Composite both up by 1.2%. Apple’s latest iPhone reveal didn’t have a major impact on stock movement, but excitement surrounds Arm Holdings, which saw gains after news its chip designs will power Apple's new devices. 📱💻
As we wait for Wednesday's CPI reading, expectations are leaning toward a 25 bps rate cut by the Fed next week, which could further boost the market outlook. 🌐
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