Stock futures were rising sharply Monday, as investors hoped a slew of delayed economic data due this week would bolster the chances of the Federal Reserve cutting interest rates next month.
S&P 500 futures jumped 0.7%, and contracts tied to the tech-heavy Nasdaq 100 were 1% higher. Futures tracking the Dow Jones Industrial Average were up 148 points, or 0.3%.
The three major indexes see-sawed last week as Wall Street fretted about bloated artificial-intelligence valuations, but the Dow added nearly 500 points on Friday New York Fed President John Williams signaled his support for lowering rates at the Dec. 9-10 policy meeting.
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