Dow Futures Rise as Stocks Set to Snap 3-Week Losing Streak—and What Else Is Happening in the Stock Market Today

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September has historically been a bad month for stocks. The month is off to a shaky start.

Angela Weiss/AFP via Getty Images

Stocks were set to rise Friday and snap a three-week losing streak, with investor attention still focused on inflation and central bank monetary policy.

Futures for the Dow Jones Industrial Average advanced 150 points, or 0.5%, after the index gained 193 points on Thursday to end at 31,774. S&P 500 futures rose 0.5% and the tech stock-heavy Nasdaq was poised to gain 0.7%.

Overseas, the pan-European Stoxx 600 gained 0.8% and Tokyo’s Nikkei 225 pushed 0.5% higher. 

Stocks rose Thursday in the face of even more hawkish comments from Federal Reserve Chairman Jerome Powell, who said the central bank shouldn’t waver in its commitment to aggressively tacking inflation. 

A historic interest-rate hike from the European Central Bank, the largest since the euro was born, added to the narrative that financial conditions will continue to be tightened in the face of red-hot inflation. Nevertheless, stocks were on track to pull out of a three-week losing streak even as pressures over higher rates—which have battered the stock market this year and raised the risk of recession—remain salient.

“U.S. and European futures are trading relatively quiet as investors digested the sad news of [Queen Elizabeth II’s] death in the UK and contemplate on Federal Reserve Chair Jerome Powell’s most recent statements on inflation,” said Naeem Aslam, an analyst at broker AvaTrade.

Write to Jack Denton at jack.denton@dowjones.com