U.S. stock futures surged on Monday, signaling a continuation of the previous session’s robust gains, as renewed optimism about a potential Federal Reserve interest rate cut was sparked by the latest job data.
Futures for the Dow Jones Industrial Average rose by 140 points, or 0.4%, while S&P 500 futures and Nasdaq-100 futures were up by 0.4% and 0.3% respectively.
On Friday, all three major indexes – the Dow, S&P 500, and Nasdaq Composite – jumped by over 1% as investors reacted positively to the news that the U.S. economy had added fewer jobs than expected in April and that unemployment had increased. This data alleviated concerns about an overheating economy and led to speculation that the Fed may consider lowering rates earlier than anticipated.
Source (CNBC)
