US equity-index futures are up as investors digest the Federal Reserve’s interest rate cut, despite lingering uncertainty about future policy. While the Fed delivered the expected cut, officials emphasized a meeting-by-meeting approach. The market anticipates further rate cuts this year, fueling continued interest in tech and AI stocks, even near record highs.
US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and Nasdaq reached record highs, fueled by strong earnings and falling crude prices, marking their longest weekly gain streak since October 2024.