Stock Futures Rise With More Jobs Data Ahead

U.S. stock futures rose on Wednesday as markets continue to be buoyed by hopes that interest rates will fall significantly in 2024. A labor-market indicator is due amid a spate of jobs data this week, including Friday’s nonfarm payrolls report. Stocks are on a tear, with the S&P 500 flirting with a sixth week of gains as investors increasingly expect that waning inflation and slowing growth will push the Federal Reserve to cut interest rates multiple times next year, perhaps as soon as March.