Us Stock Futures Rise

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Us Stock Futures Rise

Us Stock Futures Rise Ahead Of Earnings Release

Most of the US stock futures are in green as Wall Street remains optimistic ahead of the upcoming earnings release. Additionally, the sentiment on Wall Street also favors the upside as the market players are now more confident of a September rate cut.

S&P 500 futures gained 0.1% while the Dow Jones Futures also secured a +0.1% upside. As for the Nasdaq 100 futures, a similar upside of 0.1% was seen as well.

S&Amp;Amp;P 500 Futures Trade At 5334.25

The S&P 500 futures are now trading at 5334.25, while the Dow Jones Future is seen at 40179 points. Similarly, the Nasdaq 100 futures are at 18661.50 with a positive sentiment.

Starting today, Wall Street will be looking forward to any cues from the US Fed related to the interest rate policy. In fact, the minutes for the Fed's April meeting are due on Wednesday, which could provide crucial information on the path of interest rates.

The central bank has made it clear that rates will be kept steady as they need more confirmation (confidence) that the inflation is indeed coming down.

Besides the interest rates, the markets are also looking forward to the release of the Purchasing Managers index (PMI) for the month of May. This data will provide information on the current state of business activity in the USA.

While the US indices are still green, the markets have started to show signs of worry as the uncertainty over the rate cuts is still very high.

When we combine these overheated valuations and a cooldown in the AI hype, it makes sense for the investors to adopt a more cautious approach.

Nvidia's quarterly earnings are also due this week & will be an important event for the US indices. The investors will be closely watching whether the company can justify the jump in valuation or not.

The earnings of the Nvidia will also impact other tech stocks with a heavy exposure to the AI products & services.

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