By Lisa Pauline Mattackal and Johann M Cherian (Reuters) – Futures for the S&P 500 and Nasdaq indexes extended gains on Thursday while the Dow pared losses, as lower-than-forecast producer inflation data fanned expectations of interest rate cuts from the Federal Reserve. A rally in tech stocks persisted in premarket trading, putting the Nasdaq on
US stocks wobbled on Friday, after a jobs report seen as pivotal to expectations for interest-rate cuts showed much stronger hiring growth than expected. The S&P 500 (^GSPC) rose 0.2%, while the Dow Jones Industrial Average (^DJI) gained 0.3%, coming off a lackluster session Thursday for the three major gauges. The tech-heavy Nasdaq Composite (^IXIC)
WASHINGTON (AP) — U.S. producer prices rose rose in March from a year earlier at the fastest pace in nearly a year, but the gain was less than economists expected. And wholesale inflation eased on a month to month basis. The Labor Department said Thursday that its producer price index — which measures inflationary pressure