Wall Street's Resilience: Tech Giants Propel Markets Amid Optimistic Economic Data

U.S. stock index futures edged higher on Friday as the S&P 500 and Nasdaq continued their winning streaks, driven by positive economic data. The market recovery following a recent pullback is attributed to moderated inflation rates and expectations of a Federal Reserve rate cut. Investors await further guidance from the Fed's upcoming policy meeting minutes and remarks from key officials at the Jackson Hole symposium.

U.S. stock index futures climbed higher on Friday, extending gains for the S&P 500 and Nasdaq on the back of encouraging economic data.

The recent rally in benchmark indices signals a recovery from this month's earlier setbacks, with better-than-expected data easing fears of a major economic slowdown and keeping the Federal Reserve on course for a modest rate cut.

Investors are now closely watching labor market trends and await insights from the Fed's latest policy meeting minutes and Chair Jerome Powell's address at the Jackson Hole symposium for clues on future rate movements.

(With inputs from agencies.)