{"id":1957910,"date":"2023-06-27T07:10:01","date_gmt":"2023-06-27T11:10:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-edge-higher-ahead-of-economic-data\/"},"modified":"2023-06-27T07:12:16","modified_gmt":"2023-06-27T11:12:16","slug":"futures-edge-higher-ahead-of-economic-data","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-edge-higher-ahead-of-economic-data\/","title":{"rendered":"Stock futures rise ahead of economic data."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffutures-edge-higher-ahead-of-economic-data%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1957910&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>(Reuters) \u2013 U.S. stock index futures are on the rise today, bouncing back from recent losses on Wall Street. Investors are eagerly awaiting economic data to gauge the Federal Reserve&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-street-ends-sharply-lower-on-fears-of-aggressive-fed\/\" title=\"Wall Street ends sharply lower on fears of aggressive Fed\">future interest rate hikes<\/a>. <\/p>\n<p>The European Central Bank Forum in Sintra, Portugal is currently in focus, where influential policymakers, including Fed Chair Jerome Powell, will be speaking this week.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Last week, Powell&#8217;s hawkish comments put a halt to the winning streak on Wall Street, with growth and technology stocks taking a hit. <\/p>\n<p>In premarket trading today, Amazon, Tesla, Nvidia, and Meta Platforms are all up about 1%. <\/p>\n<p>Despite the recent weakness, the main U.S. stock indexes are expected to record gains for the second quarter, thanks to a rally in growth stocks, positive earnings reports, and hopes that the Fed will soon end its monetary tightening campaign.<\/p>\n<p>Later today, we&#8217;ll see monthly durable goods, new home sales, and consumer confidence data, which will provide insights into the state of the economy following the central bank&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-chair-aggressive-rate-hikes-may-be-needed-to-tame-inflation\/\" title=\"Fed Chair: Aggressive Rate Hikes May Be Needed To Tame Inflation\">aggressive rate hikes<\/a>.<\/p>\n<p>According to CME Group&#8217;s Fedwatch tool, traders have priced in a 76.9% chance of a 25 bps interest rate hike to the 5.25%-5.50% range at the Fed&#8217;s July meeting.<\/p>\n<p>As of 5:53 a.m. ET, Dow e-minis are up 15 points, or 0.04%, S&#038;P 500 e-minis are up 7.75 points, or 0.18%, and Nasdaq 100 e-minis are up 58.75 points, or 0.4%.<\/p>\n<p>Lordstown Motors is facing a major setback, with a 56.6% slump as the U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-edge-higher-ahead-of-economic-data\/\" title=\"Stock futures rise ahead of economic data.\">electric truck manufacturer files<\/a> for bankruptcy protection and puts itself up for sale after failing to resolve a dispute over a promised investment from Foxconn.<\/p>\n<p>Snowflake, on the other hand, is climbing 3.1% after announcing a partnership with Nvidia that allows customers to build AI models using their own data.<\/p>\n<p>U.S.-listed shares of Chinese firms like Alibaba Group and JD.com are up nearly 2% following Chinese Premier Li Qiang&#8217;s announcement of stimulus plans and higher economic growth in the second quarter compared to the first.<\/p>\n<p>Google-parent Alphabet, however, slipped 0.9% after Bernstein downgraded the stock to &#8220;market perform.&#8221;<\/p>\n<\/p>\n<p> (Reporting by Sruthi Shankar in Bengaluru; Editing by Shinjini Ganguli)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/futures-edge-higher-ahead\/attachment\/traders-work-on-the-floor-of-the-nyse-in-new-34\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>President Trump accepts the Man of the Decade Award from the Oakland County Republican Party. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Michael Seifert<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Larry Elder<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Dan Geltrude<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Foo Yun Chee BRUSSELS (Reuters) -Zalando, Europe\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/a-minute-with-john-krasinski-and-jack-ryan-cast-on-saying-goodbye-to-show\/\" title=\"John Krasinski and the 'Jack Ryan' cast reflect on bidding farewell to the show.\">biggest online fashion retailer<\/a>, on Tuesday sued the European Commission for putting it in\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Promit Mukherjee and Toby Sterling JOHANNESBURG (Reuters) -Dutch-listed technology investor Prosus NV said on Tuesday it would end a cross-holding structure\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) \u2013 Meta Platforms&#8217; WhatsApp Business application is now catering to more than 200 million users on its platform, a four-fold jump\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Josh Ye HONG KONG (Reuters) \u2013 Baidu Inc, China&#8217;s leading search engine provider, said the latest iteration of its ChatGPT-style service\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stock futures rose after Wall Street&#8217;s losses, as growth stocks rebounded. Investors awaited economic data to gauge the Federal Reserve&#8217;s interest rate hikes. Attention was on the European Central Bank Forum in Sintra.<\/p>\n","protected":false},"author":66,"featured_media":1957911,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1957910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1957910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1957910"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1957910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1957911"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1957910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1957910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1957910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}