- U.S. stock index futures edged higher on Monday as Tesla and Apple led gains in megacap companies while markets awaited the Federal Reserve's interest rate decision later in the week.
Easing yields on the benchmark 10-year Treasury note also helped, with some other megacaps extending their gains from last week. Amazon.com and Microsoft were up 0.8% and 0.4%, respectively.U.S. stocks closed higher on Friday, buoyed by moderate inflation data and a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft.
Sentiment remained upbeat as the personal consumption expenditure index data on Friday was largely in line with economists' expectations, easing concerns about persistent inflationary pressures. Also offering support, Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East
At 05:43 a.m., Dow E-minis were up 42 points, or 0.11%, S&P 500 E-minis were up 7.75 points, or 0.15%, Nasdaq 100 E-minis were up 40.75 points, or 0.23%. Billionaire investor David Einhorn shares an overlooked theory for why gold prices have spiked so much