The USA500 is currently trading above 6,950 levels.
The S&P is gaining ground in the European session trading above the 6,950 level as it attempts to snap a multi-day losing streak. While concerns over AI disruption and a strong labor market continue to cloud the outlook for interest rate cuts, cooling inflation data and strong corporate earnings are providing enough momentum for the index to decouple from recent tech-driven volatility.
S&P 500 futures increased 0.59%, Dow Jones futures increased 0.51%, and Nasdaq 100 futures increased 0.66%.