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Stock futures rose Friday as traders await an all-important policy speech from Fed Chair Jerome Powell for any guidance on future rate cuts.
Futures for the Dow Jones Industrials surged 158 points, or 0.4%, to 40,986.
Futures for the S&P 500 index grabbed 29 points, or 0.5%, at 5,623.
Futures for the NASDAQ bounced 151.25 points, or 0.8% to 19,729.50.
The Dow and the S&P 500 are still up modestly this week. However, the NASDAQ is down 0.1% week to date, poised to post fifth negative week in six.
Markets are betting on a quarter percentage point cut at the Sept. meeting, leaving open about a one-in-four chance for a half-percentage-point reduction. Minutes from the July session showed a “vast majority” of members in favor of a September cut.
In Japan, the Nikkei 225 gained 0.4% Friday, while in Hong Kong, the Hang Seng index down 0.2%.
Oil prices hiked $1.35 to $74.36 U.S. a barrel.
Gold prices brightened $20.20 to $2,536.80.
