S&P 500 Futures Rally Following Positive Market Momentum

Thursday, 12 September 2024, 03:02

S&P 500 futures are up 0.2%, signaling a robust start for traders. Dow and Nasdaq futures also show gains ahead of economic data releases. This positive sentiment stems from a remarkable reversal in equities, where the S&P 500 transformed initial losses into significant gains.
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S&P 500 Futures Rally Following Positive Market Momentum

S&P 500 futures are showing a positive trajectory, up 0.2%, aligning with gains in both the Dow Jones Industrial Average and Nasdaq 100 futures, which are up 0.2% and 0.3%, respectively.

On Wednesday, the Dow Jones rose 125 points (0.31%) to 40,862, while the S&P 500 climbed 59 points (1.07%) to 5,554, following a strong showing in the Nasdaq Composite that gained 370 points (2.17%) to close at 17,396.

The futures suggest a strong start for Thursday as traders look forward to crucial data on producer prices and jobless claims, due at 8:30 a.m. Eastern.

The recent positive trend follows a significant intraday rebound after traders initially reacted to a slightly higher inflation reading that diminished hopes for a 50 basis point rate cut by the Federal Reserve. Nonetheless, market participants appear to have settled on the expectation of a 25 basis point reduction instead.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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