US stock futures pointed higher on Monday as investors assessed the staying power of a post-election rally and looked ahead to fresh economic data this week.
By 03:20 ET (08:20 GMT), the Dow futures contract had added 82 points or 0.2%, S&P 500 futures had jumped by 15 points or 0.3%, and Nasdaq 100 futures had gained 73 points or 0.4%.
The benchmark S&P 500 hit a fresh all-time peak and touched the 6,000 level for the first time on Friday, boosted by hopes that Donald Trump would roll out tax cuts and extensive deregulation during his second four-year term in the White House.
Sentiment was also bolstered by the Federal Reserve, which slashed interest rates by a quarter of a percentage point as anticipated last week. Policymakers at the rate-setting Federal Open Market Committee said the economy was on a "solid pace" despite a slight easing in labor demand and inflation remaining "somewhat elevated."
Source : Investing.com
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