Markets Surge as Investors Bet on Fed Rate Cuts. Stock Futures Pop on Data Hope.

Core Viewpoint - The market is optimistic about potential Federal Reserve interest rate cuts, leading to a rise in stock futures, particularly in the S&P 500 and Nasdaq 100 indexes [1][2]. Group 1: Market Performance - Stock futures for the S&P 500 increased by 0.7%, while Nasdaq 100 futures rose by 1% [1]. - The Dow Jones Industrial Average futures remained mostly flat [1]. - Last week, the three major indexes experienced volatility due to concerns over inflated valuations in the artificial intelligence sector, but the Dow gained nearly 500 points on Friday [2]. Group 2: Federal Reserve Insights - New York Fed President John Williams expressed support for lowering interest rates at the upcoming policy meeting scheduled for December 9-10 [2].