"Wall Street Prepares for Second Quarter: Stock Futures Rise"

1 min read
Source: CNBC
"Wall Street Prepares for Second Quarter: Stock Futures Rise"
Photo: CNBC
TL;DR Summary

Stock futures rose as Wall Street prepared for the start of the second quarter, with Dow Jones Industrial Average futures adding 0.3%, S&P 500 futures and Nasdaq-100 futures gaining 0.3% and 0.5% respectively. The personal consumption expenditures price index showed inflation rose 2.8% in February, in line with expectations. Markets are coming off a winning first quarter, with the S&P 500 jumping 10.2%, the Dow Jones Industrial Average adding 5.6%, and the Nasdaq Composite popping 9.1%. Ongoing bets on artificial intelligence stocks and expectations for a Federal Reserve rate-cutting cycle later this year have powered the market higher. Wall Street is readying for a busy week of economic data, including construction spending and ISM manufacturing data on Monday, and the March jobs report on Friday.

Share this article

Reading Insights

Total Reads

0

Unique Readers

10

Time Saved

2 min

vs 3 min read

Condensed

73%

471125 words

Want the full story? Read the original article

Read on CNBC