Posted 2/1/2024, 8:31:00 AM
Stocks Rise, Tech Earnings Eyed As Fed Hints Rate Cuts To Tame Inflation
- U.S. futures rose as the Fed hinted at possible interest rate cuts in the future to ease inflation
- Align Technology shares jumped 12% in after-hours trading following stronger-than-expected Q4 earnings
- Several tech giants like Amazon, Apple, and Meta Platforms will report quarterly earnings soon
- Oil prices trended higher on expectations of future rate cuts, with WTI crude nearing $76 per barrel
- Asia-Pacific markets were mixed, with Hong Kong's Hang Seng finishing 0.49% higher while Japan's Nikkei dropped 0.76%