Stock futures rose, putting the S&P 500 on track for its first weekly gain in June
Federal Reserve Chairman Jerome Powell said that interest rates would continue to rise until the central bank sees clear proof that inflation is slowing, but conceded that elevated rates could lead to a recession. Photo: Elizabeth Frants/ReutersU.S. stock futures rose after weak economic data softened investors’ expectations of coming interest-rate rises, putting the S&P 500 on track for its first weekly gain this month.
Futures tied to the S&P 500 climbed 0.8%, pointing to the broad-market index extending its rally into a second day. Nasdaq-100 futures advanced 0.9%, suggesting gains for technology stocks after the opening bell.
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