From Investing.com: 2024-08-07 09:10:41

U.S. stock index futures surged after Bank of Japan official’s comments on interest rate hikes, easing market fears. Despite recent volatility, major indexes like the S&P 500 are up around 10% this year, tech stocks driving gains. Wall Street gains followed Federal Reserve reassuring comments, with Dow, S&P 500, and Nasdaq futures all rising significantly.

Earnings reports impact individual stocks, with cybersecurity firm Fortinet and casino operator Wynn Resorts seeing gains. However, Airbnb slid after revenue forecast below estimates, while Super Micro Computer and Amgen faced losses due to below expectations results. CVS Health also saw a dip after cutting profit forecast.

Anticipation grows for U.S. Federal Reserve officials’ monetary policy commentary at the upcoming Jackson Hole event, where Fed Chair Jerome Powell will speak, amidst ongoing market volatility.



Read more at Investing.com: Futures advance as Big Tech continues to recover By Reuters