US Futures Hold Rebound
2026-09-04 11:26
By
Andre Joaquim
1 min. read
US equity futures were muted on Friday, holding the prior session's rebound after dovish signals from Federal Reserve rate setters tempered concerns of a rate hike by the Federal Reserve.
Contracts for the S&P 500, Dow, and Nasdaq 100 were near the flatline.
The incoming jobs report is expected to show an unchanged unemployment rate at 4.1% and a rebound in payrolls, aligned with recent signals from FOMC members that the labor market is under full employment.
Still, Fed Governor Waller had earlier stated that a rate hike is not necessary should underlying inflation gauges continue to slow, lending support to equities across all sectors.
Chip producers led the gains after underperforming this week, with Lam Research, Applied Materials, and Sandisk adding close to 3% premarket.
On top of that, Marvell, Micron, Intel, and Nvidia jumped over 1% amid sings of optimism around OpenAI's new GPT model.