US futures rise at start of Q2 amid Fed rate cut optimism
Investing.com -- U.S. stock futures pointed to a slightly higher open on Wall Street on Monday, after a market holiday on Friday, amid expectations that the Federal Reserve will soon start a rate cutting cycle, with markets pricing in a first cut as early as June.
Wall Street was preparing for the second quarter to get underway after stocks notched up a strong start to 2024.March marked the fifth straight month of gains for markets, with the S&P 500 and Dow adding on 3.1% and 2.1% respectively, while the Nasdaq gained 1.8%. It comes six months after the tech giant initiated a similar separation in Europe, responding to regulatory scrutiny over its product bundling practices.
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