US stock futures rose after Wall Street rallies on softer inflation data, anticipating slower rate cuts.

From Investing.com: 2024-12-22 19:27:21

U.S. stock index futures rose on Sunday as Wall Street found relief from softer inflation data, though investors anticipate slower interest rate cuts. The Fed projected fewer cuts in 2025, leading to losses and weekly declines. S&P 500 futures rose 0.3%, Nasdaq futures gained 0.4%, and Dow futures were up 0.3%.

Inflation data showed a 0.1% rise in November, bringing the annual PCE rate to 2.4%, slightly below estimates. Despite some cooling, inflation remains above the Fed’s 2% target. The Fed emphasized caution in adjusting monetary policy, citing the need for progress on inflation before further rate cuts.

Wall Street rebounded on Friday after a two-day slump, led by tech stocks. NVIDIA and Micron shares rose, while Broadcom and Intel also saw gains. However, Tesla shares fell. S&P 500 and Nasdaq rose 1.1% and 1.2% respectively, with the Dow climbing 1% for the day. Weekly, S&P 500 fell 2%, Nasdaq 1.8%, and Dow 2.3%.



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