Futures Pointing To Initial Strength On Wall Street

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2023-09-11 12:49:17  • 3 mins

Stocks may move to the upside in early trading on Monday, regaining ground following the notable pullback seen last week. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.5 percent.

Easing concerns about the outlook for interest rates may contribute to strength on Wall Street, helping stocks add to the modest gains posted last Friday.

A report from the Wall Street Journal suggesting a shift in Federal Reserve officials' stance on rates may generate some buying interest.

Fed insider Nick Timiraos said the central bank is likely to pause its recent series of rate hikes next week then take a "harder look at whether more are needed."

While Timiraos said some Fed officials to still prefer to err on the side of raising rates too much, other see risks as more balanced and worry about unnecessarily causing a downturn or triggering financial turmoil.

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