From Nasdaq:

Futures tracking Wall Street’s main stock indexes rose slightly after U.S. Treasury yields paused, setting up for weekly gains despite concerns of inflation. Pressure on the Fed to maintain interest rates higher led traders to reduce bets on a June rate cut. All eyes are on the Federal Reserve’s meeting next week for rate-easing hints.

The simultaneous expiry of quarterly derivatives contracts and semiconductor stock declines marked Friday’s trading. Tesla climbed 1.0%, Madrigal Pharmaceuticals jumped 24.3%, Micron Technology rose 3.0%, while Adobe shed 11.2% and Ulta Beauty slid 6.3%. Crypto stocks like MicroStrategy, Marathon Digital, and Coinbase fell as Bitcoin declined.

Six out of eleven major S&P 500 sectors were set for weekly gains. The global GTC developer conference from March 18 to 21 will be closely watched for AI-related announcements in the market. There is anticipation around the Federal Reserve’s meeting next week for new dot plot signals on rate cuts for 2024.



Read more at Nasdaq: US STOCKS-Futures edge higher as Treasury yields ease