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FX.co ★ US Futures Rise as S&P 500 Eyes Winning Week

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typeContent_19130:::2025-03-21T00:38:34

US Futures Rise as S&P 500 Eyes Winning Week

U.S. stock futures experienced a modest rise on Friday, putting the S&P 500 in a position to break a four-week losing streak. The Dow Jones Industrial Average also showed weekly gains, while the Nasdaq Composite seemed poised for a fifth consecutive week of decline. Investors were influenced by the Federal Reserve's decision earlier in the week to maintain current interest rates, alongside indications of two possible rate cuts within the year. Federal Reserve Chair Jerome Powell aimed to calm market nerves by labeling tariff-induced inflation as "transitory," although some concerns lingered. Concurrently, the Fed revised down its economic growth projections and raised its inflation estimates, leading to heightened fears of stagflation. In after-hours trading, Nike and FedEx shares fell by 5.2% and 5.6%, respectively, due to disappointing quarterly earnings. Conversely, Micron Technology saw a 1% increase, supported by stronger-than-expected sales and earnings, as well as an optimistic forecast.

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