U.S. stock futures rose, putting indexes on course for a second day of gains led by technology companies, while bitcoin prices edged lower after a period of volatile trading.
Futures tied to the broad S&P 500 index rose 0.3%, while blue-chip Dow Jones Industrial Average futures gained 0.2%. Nasdaq-100 futures rose 0.5%, putting technology stocks on course to rise after the opening bell, a day after they led broader markets higher.
Stocks jumped to start the week, as recent comments from Federal Reserve officials helped ease concerns that rising inflation could stamp out growth or prompt the central bank to suddenly tighten policy.
“The comments we have had from Fed speakers have told the market exactly what it wants to hear: that they are not concerned about the inflation data and that it hasn’t changed their plan to be very cautious,” said Hugh Gimber, a strategist at J.P. Morgan Asset Management.