Nasdaq Futures Rise on Fading Rate-Hike Fears, Tech Leads Gain
Nasdaq futures turned positive as traders increased risk appetite, with rate-hike fears subsiding. Technology stocks are leading the gains, with Asian markets following suit. The week's focus will be on growth, inflation, and earnings data, though a stronger dollar and elevated bond yields present challenges.
Stocks opened the week with support from softer US jobs data, though a stronger dollar, elevated bond yields and expensive oil are clouding the outlook. Tech is leading the gains, with Asia following. Dollar strength is complicating the rebound. The week will test growth, inflation and earnings.