U.S. stock index futures rose 1% on Friday, as hopes of more stimulus from centr...
- U.S. stock index futures rose 1% on Friday, as hopes of more stimulus from central banks helped lift some gloom in what has been a turbulent week for markets.
FILE PHOTO: Traders work on the floor at the New York Stock Exchange in New York, U.S., August 14, 2019. REUTERS/Eduardo Munoz The three main Wall Street indexes are on track for their third week of decline, after the inversion of a U.S. yield curve on Wednesday pointed to a looming recession. [US/] China said overnight that it was planning to roll out stimulus to stymie an economic slowdown. Investors were also looking forward to interest rate cuts from the Federal Reserve and the European Central Bank next month to fight softening economic growth.
Among stocks, Nvidia Corp jumped 6% in premarket trading after posting better-than-expected quarterly profit and revenue.
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