Stock futures rose slightly on Sunday evening as Wall Street prepared for the start of the second quarter.
Futures tied to the Dow Jones Industrial Average added 110 points, or 0.3%, while S&P 500 futures and Nasdaq-100 futures gained 0.3% and 0.5%, respectively.
The personal consumption expenditures price index, released Friday during the market closure for Good Friday, showed inflation rose 2.8% in February, which is in line with expectations.
The inflation gauge closely watched by the Federal Reserve also rose 0.3% from a month ago, the Commerce Department said.
Ongoing bets on artificial intelligence stocks and tailwinds from Nvidia have continued powering the market higher in the new year after a strong 2023.
Persons:
Giuseppe Sette, Ryan Detrick
Organizations:
Dow Jones, Nasdaq, Federal, Commerce Department, Fed, Dow, Nvidia, Federal Reserve, Carson Group