Dow Jones, Nasdaq, S&P 500 futures rise, suggest strong start on Wall Street; Fed official remarks in focus

Dow Jones, S&P 500, Nasdaq futures: The three main Wall Street indices — the Dow Jones, the S&P 500 and US tech stocks-heavy Nasdaq Composite — are set to make a strong start on Monday, February 27, shrugging off weakness across major European and Asian markets. A positive move in the Dow Jones index would be music to the bulls' ears, following the blue-chip gauge's worst weekly fall since September 2022. 

However, caution persists among investors around the globe as data suggesting upbeat economic activity and red-hot inflation from the US dashed nascent hopes of an early end to the current cycle of rate hikes.

Analysts await a key US home sales reading from the US and remarks of Fed official Philip Jefferson due later on Monday for cues.

What Dow Jones, S&P 500, Nasdaq futures suggest ahead of the opening bell on Wall Street 

Dow Jones futures, S&P 500 futures and Nasdaq futures each rose around half a per cent on Monday evening in India, suggesting a positive start ahead on Wall Street. 

• Dow Jones futures: up 149 points — or 0.5 per cent — at 32,975 
• S&P 500 futures: up 20 points — or 0.5 per cent — at 3,995.8
• Nasdaq Composite futures: up 71 points — or 0.6 per cent — at 12,068 

Meanwhile, European markets began the day in the green, shrugging off losses across their Asian peers — including a seventh straight day of losses in Sensex and Nifty50, with the pan-continent Stoxx 600 index trading 0.9 per cent higher at the last count. ALSO READ: All Adani group stocks bleed; a look at latest in Adani vs Hindenburg

How Dow Jones, Nasdaq futures moved on Friday

Here's a look at how the Dow, the S&P 500 and the Nasdaq Composite fared on February 24:

• Dow Jones: down 337 points —  or one per cent — at 32,816.9

• S&P 500: down 42.3 points —  or 1.1 per cent — at 3,970

• Nasdaq Composite: down 195.5 points — or 1.7 per cent — at 11,394.9

Barring two, all of the 11 major sectoral gauges on S&P fell, with realty, technology and consumer discretionary being the worst-hit spaces. Megacap stocks such as Tesla and Amazon dropped sharply.

(With inputs from agencies)

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