Stocks Set to Rise Ahead of Jobs Data That Could Sway Fed Policy
- Futures point higher ahead of ADP private payrolls data that could influence Fed policy decisions
- Musk's AI startup xAI looking to raise $1 billion from investors to fund development of "safer" AI technology
- Nvidia working with U.S. to develop AI chips for China that comply with export restrictions
- Oil prices inch lower on concerns over OPEC+ production cuts, China's economy, and unexpected build in US crude stockpiles
- Key labor market data this week, including ADP numbers and non-farm payrolls on Friday, could give clues into cooling job market and future Fed rate hikes
