U.S. Stock Futures Edge Up as Focus Shifts to Fed's Interest Rate Decision

U.S. stock index futures rose on Thursday following a previous session rebound. Megacap and growth stocks, including Alphabet and Nvidia, gained in premarket trade. Analysts keenly await upcoming economic data, amid expectations that the Federal Reserve will cut interest rates by 25 basis points at its next meeting.

U.S. stock index futures experienced a slight rise on Thursday, following a previous session's recovery from a selloff. Investors are intensely focusing on upcoming economic data, particularly in the lead-up to the Federal Reserve's anticipated interest rate cut next week.

Major technology and growth stocks showed premarket gains, including Google-parent Alphabet, which rose over 1%. Economic indicators such as producer prices and the weekly jobless claims report, expected at 8:30 a.m. ET, are under scrutiny.

Early Thursday, Dow E-minis grew by 89 points, S&P 500 E-minis by 13.5 points, and Nasdaq 100 E-minis by 51.5 points, reflecting a positive trend from the tech-heavy Nasdaq's previous 2% rise. Analysts predict a 25 basis points rate cut by the Fed in their imminent September meeting.

(With inputs from agencies.)