Futures tread higher after big gains on Friday
- U.S. stock index futures edged higher on Monday, pointing to more gains on Wall Street, as traders priced in a higher chance of the Federal Reserve cutting interest rates this year.and the blue-chip Dow closed at three-week highs on Friday after data showed U.S. job growth slowed more than expected in April, taking pressure off the U.S. central bank to keep rates higher for longer.
U.S. stock indexes appear to have stabilized after a rocky April, as a much better-than-expected first-quarter earnings season and hopes of U.S. monetary policy easing drew buyers back into the market. Richmond Fed President Thomas Barkin and New York Fed President John Williams are scheduled to speak later in the day, kicking off speeches from a host of U.S. central bank officials this week.) dipped 0.8% in premarket trading after the value of Berkshire's stake in the iPhone maker fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023.
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