Dow Jones futures rise ahead of upcoming corporate earnings reports
Dow Jones futures surge during early European hours, ahead of the market opening in the United States (US) on Wednesday, trading around 44,450, up by 0.51%. Meanwhile, S&P 500 futures advance by 0.47% to 6,350, and Nasdaq 100 futures appreciate 0.34% to trade above 23,200.
US stock futures climb on boosted market sentiment amid rising bets on an interest rate cut by the US Federal Reserve (Fed) in September. Markets continued to reflect over a 90% probability of a Fed rate cut in September, with roughly 60 basis points of total easing expected by year-end.
In futures trading, Arista Networks jumped over 14% after posting strong quarterly results. However, AMD fell more than 5% after missing estimates, driven by US export restrictions to China, while Snap, the social media platform, sank 14% after falling short of second-quarter revenue expectations.
Source: Fxstreet