12.09.202500:13:07UTC+00US Futures Hold Steady After Record Rally

U.S. stock futures remained stable on Friday following significant gains in the major indexes, which reached new peaks in the previous session. This rally was driven by escalating expectations for more substantial interest rate cuts by the Federal Reserve. On Thursday, the Dow Jones Industrial Average surged by 1.36%, the S&P 500 increased by 0.85%, and the Nasdaq Composite advanced by 0.72%, with all three indices setting new historical highs. The Consumer Price Index (CPI) report for August revealed a monthly increase of 0.4% in consumer prices, surpassing forecasts, though the annual rate remained steady at 2.9%, aligning with expectations. Meanwhile, jobless claims rose by 27,000 to reach 263,000, marking the highest level since 2021 and highlighting ongoing weaknesses in the labor market. Financial markets have fully anticipated a quarter-percentage-point interest rate cut at the Federal Reserve's meeting on September 17, with growing speculation of a larger half-point reduction. In corporate earnings news, Adobe's stock saw a 2.6% increase in after-hours trading following robust third-quarter results, whereas RH's stock dropped nearly 7% due to lower-than-expected revenue. Additionally, Super Micro Computer experienced a 4.1% rise after announcing the commencement of volume shipments of its Nvidia Blackwell Ultra systems to clients globally.