Contracts on the S&P 500 rose 0.4%, with the underlying index poised for its biggest weekly gain since November’s election, while Nasdaq 100 futures advanced 0.5%. Recent data and comments from Fed officials have suggested the central bank will have room to cut interest rates this year. Ten-year Treasury yields edged lower, slipping more than 15 basis points below recent multi-month highs.

Swap markets now expect some 40 basis points worth of rate cuts from the Fed this year, moving from not even pricing a single quarter-point move earlier this week.

Source: FINANCEYAHOO