Nasdaq, S&P futures edge higher on dovish Fed comments following jobs data
TradingKeyAug 9, 2024 1:35 PM
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- Stock futures tied to the S&P 500 and Nasdaq rise on dovish signals from the Fed and positive labor market report, with Nvidia leading tech stock gains.
- Global markets stabilize after a volatile week, with the CBOE Volatility Index dropping. However, major indexes are on track for weekly losses.
- Investors anticipate data on consumer prices and retail sales for July to gauge the economy's trajectory amid expectations of Fed rate cuts.
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