Stock index futures rise after selloff, mixed economic data, potential rate cuts

From NASDAQ.: 2024-08-06 07:53:18

US stock futures are up this morning, rebounding from yesterday’s selloff. Tech stocks like Nvidia, Amazon, and Apple dropped, while Kellanova surged. Economic data showed mixed signals, with ISM services index beating expectations but S&P Global services PMI falling. Fed officials hinted at potential rate cuts. German factory orders rose, while Eurozone retail sales fell unexpectedly. Asian markets closed higher. Japan’s Nikkei posted its largest daily gain in over a decade. Palantir and Lucid Group see pre-market gains after positive Q2 results and funding announcements.



Read more at NASDAQ.: Stock Index Futures Rebound as U.S. Recession Fears Ease