Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023.
Chipmakers including Nvidia (NVDA.O), Micron Technology (MU.O) and Advanced Micro Devices (AMD.O) added between 0.7% and 1.2% before the bell.
Citigroup also expects the Fed to hike interest rates by 25-basis points in November, compared with its previous forecast of a September hike.
ET for further clues on the trajectory for U.S. interest rates ahead of the Federal Reserve's policy meeting next week.
Meanwhile, investors largely expect another European Central Bank rate hike later in the day, which will take interest rates to a record high, amid sticky inflation and a deteriorating economy.
Persons:
Brendan McDermid, Emin Hajiyev, Warren Buffett's Berkshire Hathaway, Ankika Biswas, Shristi, Saumyadeb Chakrabarty, Vinay Dwivedi
Organizations:
New York Stock Exchange, REUTERS, Vital Energy, Dow, Nasdaq, Wall, Arm Holdings, Nvidia, Micron Technology, Devices, Insight Investment, Tool, Citigroup, Apple, Google, Microsoft, Treasury, Central Bank, Dow e, HP, Visa, Thomson
Locations:
New York City, U.S, Bengaluru