Stock Futures Rise as Fed Rate-Cut Hopes Grow
Barrons·2025-10-02 08:37
Market Overview - Stocks are expected to rise again, with investors maintaining a bullish sentiment despite a government shutdown and weak jobs data [1] - Dow Jones Industrial Average futures decreased by 23 points (0.1%), while S&P 500 contracts increased by 0.2% after both indexes reached record closing highs [2] - Nasdaq 100 futures rose by 0.4%, following a rally in Asian tech stocks due to OpenAI's deals with South Korean memory chip manufacturers Samsung and SK Hynix [2] Economic Indicators - The yield on the benchmark 10-year U.S. Treasury note remained unchanged at 4.11% [3] - Gold prices decreased by 0.1% to $3,892 per ounce, and the U.S. dollar fell by 0.1% against a weighted basket of currencies [3]