From Yahoo Finance: 2024-05-10 07:38:01

US stock futures rose on Friday, with Dow Jones up for an eighth day on growing confidence of a rate cut as Fed speakers revealed. Dow futures gained 0.3%, S&P 500 futures added 0.3%, and Nasdaq 100 contracts rose 0.4%. Fed officials hinted at a rate cut coming, bolstering the Dow’s longest winning streak this year. Investors are eager for insight from Fed speakers like Michelle Bowman and Neel Kashkari. TSMC shares surged after news of a 60% sales spike in April, attributed to AI demand and consumer electronics rebound.

Citi shared positive news from Airbnb, noting a 5x increase in Paris bookings for the Olympics and 2x rise in Germany for the Euro Cup. Markets remained upbeat, with S&P 500 eyeing third straight weekly gain for first time since February. Deutsche Bank highlighted the S&P 500’s impressive 3.9% rally since May 1 for a strong performance this year.



Read more at Yahoo Finance: US futures rise, Dow eyes 8th straight win as rate-cut hopes abound