Outlook 05/02: U.S. stock futures advance Thursday as investors looked ahead to more corporate earnings and a key labor report set for later in the week. Markets reacted to the Federal Reserve’s decision to keep interest rates unchanged. In the closely-watched press conference, Fed Chair Powell essentially ruled out an interest rate hike as the central bank’s next move, despite few recent signs of easing inflation. Powell’s emphasis on the next central bank move likely not being a hike. Traders still expect a rate cut won’t come until at least September. Thursday’s quarterly earnings reports are dominated by Apple after the close.
/ESM24 (JUN 2024): YVAH 5080 YPOC 5055 YVAL 5041 GAP 5050.50
/ES Plan: Yesterday market closed bearish (PBT 4982), but overnight bounced back, moving around previous value high, so these're the opening and initial balance options for today:
