On October 2, U.S. stock index futures rose slightly, driven by technology stocks pushing global indices to new highs. The recent equity sale by OpenAI has catapulted it to become the world's most valuable startup, boosting market optimism about artificial intelligence. Marija Veitmane, a senior multi-asset strategist at State Street Global Markets, stated: "The technology zone is large and performs strongly, and the market is willing to pay high valuations for the technology zone because the fundamental reason is that we have yet to discover quality growth opportunities outside the technology sector." The U.S. Bureau of Labor Statistics may delay the release of non-farm payroll data on Friday, and the initial jobless claims data, usually released on Thursday, may also be delayed. However, according to data from Challenger, Gray & Christmas, U.S. employers reduced hiring plans in September, although the number of layoffs announced has also decreased. The money market has almost fully priced in the scenario of the Fed cutting rates by 25 basis points at the end of this month to support the labor market, with an 80% chance of another rate cut in December. ( Jin10 )
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U.S. stock index futures rose slightly, driven by the AI boom that has led global stock markets to repeatedly hit new highs.
On October 2, U.S. stock index futures rose slightly, driven by technology stocks pushing global indices to new highs. The recent equity sale by OpenAI has catapulted it to become the world's most valuable startup, boosting market optimism about artificial intelligence. Marija Veitmane, a senior multi-asset strategist at State Street Global Markets, stated: "The technology zone is large and performs strongly, and the market is willing to pay high valuations for the technology zone because the fundamental reason is that we have yet to discover quality growth opportunities outside the technology sector." The U.S. Bureau of Labor Statistics may delay the release of non-farm payroll data on Friday, and the initial jobless claims data, usually released on Thursday, may also be delayed. However, according to data from Challenger, Gray & Christmas, U.S. employers reduced hiring plans in September, although the number of layoffs announced has also decreased. The money market has almost fully priced in the scenario of the Fed cutting rates by 25 basis points at the end of this month to support the labor market, with an 80% chance of another rate cut in December. ( Jin10 )