How are stock-index futures trading:
Dow Jones Industrial Average futures increased 47 points, or 0.11%, to 44,381
S&P 500 futures increased 5 points, or 0.08%, to 6,061
Nasdaq 100 futures increased 20.75 points, or 0.09%, to 22,102.5
On Friday, the Dow Jones Industrial Average fell 86 points, or 0.2%, to 43,828, the S&P 500 declined 0.16 points, or 0.0026%, to 6,051, and the Nasdaq Composite gained 24 points, or 0.12%, to 19,927.
Stock futures increased on Monday as investors braced themselves for the Federal Reserve’s meeting outcome on Wednesday, with markets currently pricing in a 97.1% likelihood the U.S. central bank will cut interest rates, according to CME FedWatch.
The Bank of England and Bank of Japan are set to hold meetings on Thursday, with economists broadly expecting the two central banks will hold interest rates at current levels.
The reconstitution of the Nasdaq 100 index on Friday is also set to come into effect on Monday, with Palantir Technologies, MicroStrategy, and Axon Enterprise being added. Illumina, Super Micro Computer, and Moderna have lost their places as a result of the shakeup of the growth-focused stock market index.
In terms of economic data, investors will be watching out for the S&P flash U.S. services and manufacturing purchasing manager index (PMI) reports on Monday. The New York Federal Reserve will also be publishing its Empire State manufacturing survey.
Ratings agency Moody’s late on Friday downgraded France from an Aa3 to Aa2 rating, as the country has fallen into political disarray as a result of clashes over the 2025 budget. France’s new prime minister François Bayrou, who was picked to replace Michel Barnier on Friday, was scheduled to meet National Rally politicians Marine Le Pen and Jordan Bardella on Monday morning with a view to ending the stalemate.
