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S&P 500, Nasdaq Futures Rise On Euphoria Over Fed’s Dovish Pivot: Small Caps Set For Another Cheery Session

Published by
Benzinga

The Federal Reserve-induced rally appears set to continue, with the stock futures firmly in the green early Thursday. The small-cap party may have started following the group’s relative underperformance for much of the year. Traders may look ahead to the economic report on jobless claims and retail sales as well as earnings reports from a handful of companies to confirm the soft-landing scenario implied by the Fed. It is more likely that the major averages go about a consolidation move as they take a breather after the recent five-session run-up. Cues From Previous Session: Stocks rallied hard…

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