Futures recover after inflation jitters dent Wall Street
Posted on AllSides May 24th, 2024
From The Center
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May 24 (Reuters) - U.S. stock index futures rose on Friday, rebounding after closing lower in the previous session on signs of persistent inflation that rekindled monetary policy caution ahead of a long weekend. After riding high on Nvidia's (NVDA.O) blowout revenue forecast and a 10-for-one stock split in Thursday's early trade, Wall Street's main indexes turned lower after economic data pointing to rising price pressures dented bets of interest-rate cuts this year. "Recent comments from Fed officials, stronger-than-expected PMI data resulted in a push-back on expectations for Fed cut...