U.S. stock index futures steadied after Wall Street rallied sharply on dovish comments from Federal Reserve Chair Jerome Powell, which heralded interest rate cuts in the near-term. S&P 500 Futures were flat at 6,483.25 points, while Nasdaq 100 Futures were steady at 23,572.0 points. Dow Jones Futures hovered around 45,711.0 points. U.S. stock market ended higher on Friday after US Fed Chair Jerome Powell hinted at a near-term interest-rate cut during his Jackson Hole Symposium speech. The Dow Jones Industrial Average rallied 846.24 points, or 1.89%, to 45,631.74, while the S&P 500 jumped 96.74 points, or 1.52%, to 6,466.91. The Nasdaq Composite closed 396.22 points, or 1.88%, higher at 21,496.54. For the week, both the S&P and Dow ended higher, while the Nasdaq fell 0.6%. Asian markets traded higher today, tracking Wall Street gains on expectations of interest rate cut by the US Federal Reserve next month. Japan’s Nikkei 225 gained 0.63%, while the Topix index rose 0.53%. South Korea’s Kospi index rallied 0.77%, while the Kosdaq jumped 1.71%. Hong Kong’s Hang Seng index futures indicated a stronger opening. Meanwhile, Gift Nifty was trading around 24,966 level, a premium of nearly 68 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices. #stockmarketupdates #sensex #nifty #dalalstreetaction #cnbctv18 #cnbctv18market #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday Read web story: https://www.cnbctv18.com/market/asian-stocks-rise-as-powell-signals-fed-will-cut-19658488.htm 🔴CNBC TV18 LIVE TV: https://youtube.com/live/P857H4ej-MQ SUBSCRIBE to our Channel: https://bit.ly/3nvEcxf --------------------------------------------------------------------------------------------------------------------- 👑 Check Out Top CNBC TV18 Playlist Videos: 🔹YoungTurks Reloaded: https://www.youtube.com/playlist?list=PLjq9mRS1PfGAeBW0FxoO8D2cbKx8YPKAZ 🔹CNBC TV18 Digital Podcast: https://www.youtube.com/playlist?list=PLjq9mRS1PfGCUcGVQvYyDQ6VVHoo3ZDKJ 🔹Sounding Board: https://www.youtube.com/playlist?list=PLjq9mRS1PfGBbB2dV2tyHdzx_k9EqvVEm 🔹International Videos: https://www.youtube.com/playlist?list=PLjq9mRS1PfGDZ-Dkz-VpCDqqmWThJ3YJw 🔹CNBC TV18 Market Cafe: https://www.youtube.com/playlist?list=PLjq9mRS1PfGDANftdnJchuL-WPpSv5rmH 🔹CNBC TV18 Digital: https://www.youtube.com/playlist?list=PLjq9mRS1PfGDLhtM8FzErPcjmJRQ4I5cZ 🔹CNBC TV18 Weekend Special: https://www.youtube.com/playlist?list=PLjq9mRS1PfGBHEa5NnoKuUsX5GwxEGuri 🔹CNBC TV18 Next-Gen: https://www.youtube.com/playlist?list=PLjq9mRS1PfGA6roe9q3J9fq_gBIDjX2w7 🔹Overdrive Show: https://www.youtube.com/playlist?list=PLjq9mRS1PfGCnSVjfbWfNCJLrv-CqfGmH 🔹Young Turks: https://www.youtube.com/playlist?list=PLjq9mRS1PfGBZaN1e38X2ZmevnU1e1NJs 🔹Startup Streets: https://www.youtube.com/playlist?list=PLjq9mRS1PfGD3CzrtMr_VJRbIly6sfyFI ------------------------------------------------------------------------------------ You can also connect with CNBC-TV18 News Online Catch the latest news: https://bit.ly/2YbpXBM Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/ Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/ You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/ Like us on Facebook: https://www.facebook.com/cnbctv18india/ Follow us on Twitter: https://twitter.com/CNBCTV18News Follow us on Instagram: https://www.instagram.com/cnbctv18india/ Catch us on: Linkedin: https://in.linkedin.com/company/cnbc-tv18 n18oc_business About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.