US Stock Futures Signal Higher Open
Futures tracking US equities were higher on Monday on bets of incoming rate cuts by the Federal Reserve and potential earnings beats this week, as markets looked past signs of a slowing labor market and higher tariffs.
Contracts for the S&P 500 and the Dow were 0.6% higher while those for the Nasdaq 100 gained 0.8%.
Equities had slumped last week after aggressive downward revisions to payroll employment erased the view that the US labor market was resilient to economic uncertainty from tariffs and higher deficit spending by the US government, strengthening the case for multiple rate cuts by the Fed this year.
Rate futures showed a rally in positions pricing a rate cut next meeting, while President Trump was due to announce the new Fed Chairman, likely in favor lower rates next year, in the coming days.
Palantir was due to open 2% higher ahead of their earnings release after the bell.
In turn, Boeing was due for a flat open after workers in ST. Louis defense factories started a strike.