(Bloomberg) — US equity futures pointed to small gains at the Wall Street open as traders await fresh signs on the scope for further easing after last week’s jumbo interest-rate cut by the Federal Reserve.
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Contracts on the S&P 500 edged 0.2% higher, trading in a narrow range ahead of comments from Fed officials on Monday. Among individual movers, shares of Intel Corp. gained as much as 5% in premarket after Apollo Global Management Inc. was said to have offered to make a multibillion-dollar investment in the chipmaker.
Federal Reserve Bank of Atlanta President Raphael Bostic said that starting the central bank’s cutting cycle with a large step would help bring interest rates closer to neutral levels, but officials should not commit to a cadence of outsize moves. Further out this week, investors await the Fed’s preferred price metric and data on US personal spending, due on Friday.
The US dollar traded…
