U.S. Stock Futures Climb Amid Uncertainty Over Interest Rate Cuts

U.S. stock index futures saw a marginal rise as investors reassessed the possibility of a larger interest rate cut by the Federal Reserve. Additionally, Boeing shares dropped due to a worker strike, and Adobe experienced a significant decline following lower-than-expected earnings forecasts.

On Friday, U.S. stock index futures experienced a slight rise as investors reassessed their predictions regarding the Federal Reserve's potential interest rate cut next week. Boeing's shares tumbled following a strike by factory workers, intensifying market concerns.

Data from CME's FedWatch Tool indicated that traders' speculations of a 50-basis point rate cut surged overnight to 47%, a significant increase from 14% on Thursday. Former New York Fed President Bill Dudley suggested strong support for such a cut, while media reports described the decision as uncertain.

In other developments, the dollar weakened against global currencies, and yields on U.S. government bonds decreased. Wall Street had a positive session previously, bolstered by major stocks, with all key U.S. indexes set for weekly gains. However, notable declines were seen in stocks like Adobe and Moderna due to financial forecasts and downgrades.

(With inputs from agencies.)