US stock futures were flat on Friday after the Dow Jones and other major indexes surged to new records in the prior session. This rise was largely driven by increasing expectations of deeper interest rate cuts by the Federal Reserve. The mixed economic data, including higher-than-expected CPI and rising jobless claims, did little to dampen investor enthusiasm.
- The Dow jumped 1.36% on Thursday, reaching a new all-time high.
- US stock futures were flat on Friday.
- The Dow Jones’s gains were fueled by expectations of Federal Reserve rate cuts.
The Dow Jones’s recent performance suggests a market driven by anticipated monetary policy easing. While some economic indicators point to potential headwinds, investors are currently focused on the prospect of lower interest rates and the potential boost they could provide to economic growth and corporate earnings. The flat futures market indicates some hesitancy to continue the previous day’s surge.