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Futures up: S&P 500 0.42%, Nasdaq 0.62%, Dow 0.22%

Aug 9 (Reuters) - Futures tied to Wall Street's main

indexes climbed on Friday, as dovish signals from Federal

Reserve officials and data showing a still-resilient labor

market further boosted sentiment.

Chipmaker Nvidia led the gains in megacap

technology stocks in the premarket trading, with a 2.5% advance.

Global markets have witnessed extreme turbulence this week

following July's dour jobs data that raised fears of a slowdown

in the United States, and a surge in yen after Bank of Japan's

surprise rate hike resulted in unwinding of currency carry

trades.

The volatility has since abated, with the CBOE Volatility

Index declining to 23.21 points, from a high of 65.73 at

the start of the week.

U.S. stocks jumped on Thursday after jobless claims last

week fell more than expected, soothing worries that the labor

market was rapidly deteriorating. Still, all major indexes were

lower for the week, with the Dow Jones down about 0.7%.

Fed policymakers' comments further supported the gains. They

said they were more confident that inflation is cooling enough

to allow interest-rate cuts ahead, and will take their cues on

the size and timing of those rate cuts from the economic data.

Money markets see a 54.5% chance the Fed will cut interest

rates in September by 50 basis points, and expect two more cuts

by the end of 2024, according to CME's FedWatch Tool.

Investors will now look ahead to next week's readings on the

consumer prices and retail sales for July for fresh evidence on

chances of a soft landing for the American economy.

At 5:20 a.m. ET, U.S. S&P 500 E-minis were up 22.25

points, or 0.42%, Nasdaq 100 E-minis were up 115.25

points, or 0.62%, Dow E-minis were up 88 points, or

0.22%

Among individual stocks, Elf Beauty ( ELF ) fell 8% as it

forecast annual sales and profit below estimates, and said it

would raise product prices if Republican presidential candidate

Donald Trump comes to power and hikes tariffs on imports from

China.

SoundHound AI ( SOUN ) was up 2.5% after the artificial

intelligence (AI) voice provider beat Wall Street estimates for

second-quarter revenue and raised its full-year revenue

forecast.

Take-Two Interactive Software ( TTWO ) climbed 5.6% as it

expects net bookings to grow in fiscal years 2026 and 2027, as

the videogame publisher gears up for the launch of its

long-awaited "Grand Theft Auto VI" next year.