Markets Surge as Investors Bet on Fed Rate Cuts. Stock Futures Pop on Data Hope.

Stock futures were rising sharply Monday, arsenic investors hoped a slew of delayed economical information owed this week would bolster the chances of the Federal Reserve cutting involvement rates adjacent 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, oregon 0.3%.

The 3 large indexes see-sawed past week arsenic Wall Street fretted astir bloated artificial-intelligence valuations, but the Dow added astir 500 points connected Friday New York Fed President John Williams signaled his enactment for lowering rates astatine the Dec. 9-10 argumentation meeting.