The S&P 500 Index ($SPX) (SPY) today is up by +0.29%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.21%. December E-mini S&P futures (ESZ25) are up +0.32%, and December E-mini Nasdaq futures (NQZ25) are up +0.24%.
Stock index futures recovered from overnight losses and are moving higher as short covering emerged on comments from New York Fed President John Williams, who said he sees room for a Fed rate cut in the “near term." His remarks also pushed up the chance for a Fed rate cut at next month’s FOMC meeting to 68% from 35% on Thursday.
