Nasdaq-100 futures are indicating a strong open, building on the previous session's gains after Federal Reserve Governor Christopher Waller signaled a potential pause in interest rate hikes for September. Waller's dovish remarks have eased investor concerns about further aggressive monetary tightening, which is particularly bullish for growth and technology stocks sensitive to higher borrowing costs. Market participants are now keenly awaiting the August non-farm payrolls report, due this morning, for further clues on the Fed's policy path.
Nasdaq Rallies as Fed Official's Comments Temper Rate Hike Fears