U.S. stock futures were largely flat on Friday as investors processed the Federal Reserve’s recent interest rate cut. The central bank reduced its policy rate by 25 basis points, as anticipated, citing easing labor market conditions and a decline in inflation.
US futures steady after Fed's cut
In regular trading on Thursday, the S&P 500 and Nasdaq Composite gained 0.74% and 1.51%, respectively, while the Dow finished nearly unchanged. All three major indices hit new record highs during the session, continuing the post-election rally triggered by Donald Trump’s decisive victory. Investor optimism was bolstered by expectations of deregulation and lower taxes, although concerns about tariffs and the growing federal deficit lingered.
Tech stocks on the rise
Notable tech stocks led the charge, with Tesla rising 2.9%, Nvidia up 2.3%, Amazon gaining 1.4%, Apple increasing 2.1%, and Meta Platforms jumping 3.4%.
