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Wall Street Futures Rise as Inflation Cools, Boosting Rate-Cut Hopes

US stock futures climbed Friday morning after the latest Consumer Price Index (CPI) report showed inflation rising at a slightly slower pace than expected. The data offered investors reassurance that price pressures are easing, strengthening expectations for a Federal Reserve rate cut next week. Dow Jones Industrial Average futures gained about 0.5% S&P 500 futures rose 0.7% Nasdaq 100 futures jumped 1% The September CPI report revealed annual inflation at 3% , just below forecasts of 3.1%. On a monthly basis, prices increased 0.3% , a modest slowdown from August. This cooler-than-expected reading comes after a delay caused by the government shutdown, making it the first major economic release in weeks. With nearly all market bets pointing to a Fed rate cut, investors are increasingly optimistic about a softer monetary policy path ahead.
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Nasdaq Futures Sink After Early Big Tech Bust, With Fed on Deck

                                 Nasdaq


The Nasdaq futures have taken a hit after the early Big Tech bust, with the Federal Reserve’s interest rate decision of the year on deck. 

The tech-heavy Nasdaq Composite is set to sink around 1.1% on Wednesday, while the benchmark S&P 500 traded about 0.5% lower after slumping slightly below its record high on Tuesday. 

The poor start from the tech mega-caps, which are expected to do much of the heavy lifting for the S&P 500 this earnings season, could unnerve Wall Street. Boeing is the highlight of the Wednesday earnings docket amid a string of safety concerns related to its planes.


 

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