"Market Rebound: Dow Futures Rise as Rate-Cut Nerves Settle and Commodities Strengthen"

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Source: Yahoo Finance
"Market Rebound: Dow Futures Rise as Rate-Cut Nerves Settle and Commodities Strengthen"
Photo: Yahoo Finance
TL;DR Summary

US stock futures climbed, setting the Dow up for a rebound as investors shifted focus to the upcoming US jobs report, following concerns about interest-rate clues. Recent signs of economic acceleration raised the odds of further rate hikes, but Federal Reserve Chair Jerome Powell's assurance that the Fed will cut rates this year helped ease worries. Attention is now on the March jobs report, with experts not expecting cracks in the strong US labor market story. Levi Strauss shares jumped after boosting its full-year earnings forecasts, while BlackBerry's US-listed stock rose on the back of a surprise quarterly profit from its cybersecurity unit. Additionally, General Motors' stock has been performing well, with Citi analyst Itay Michaeli seeing it as a top pick and noting the company's resilience and comeback in the EV transition.

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