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Wall Street Futures Surge as Fed Hints at More Cuts, Nvidia’s $5B Intel Bet Lifts Tech

  U.S. stock futures climbed on Thursday, with the Nasdaq leading gains, after the Federal Reserve cut interest rates by 0.25 percentage points and signaled two more reductions could follow in 2025. Dow Jones Industrial Average futures rose 0.7%, S&P 500 futures gained 0.8%, and Nasdaq 100 futures jumped 1.2%, buoyed by a sharp rally in tech stocks. Intel shares surged nearly 30% in premarket trading after Nvidia announced a $5 billion investment in the struggling chipmaker, though the deal stops short of a manufacturing partnership. The Fed’s move, aimed at supporting a slowing economy amid high inflation and a weakening labor market, initially sparked caution, but optimism returned as investors bet on a more accommodative policy path. If gains hold, the S&P 500 is set to open above 6,700 for the first time, extending September’s unexpected rally. Traders are now watching weekly jobless claims for further clues on the labor market, while corporate earnings — including ...
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Stock market today: Wall Street edges lower after the Thanksgiving holiday

 


The stock market was mixed on Monday afternoon, with the Dow Jones Industrial Average (DJI) down about 0.3% or almost 100 points, while the benchmark S&P 500 (GSPC) lost 0.07%. The tech-heavy Nasdaq Composite (IXIC) ticked up 0.2% . Despite the mixed trading session, the major indexes remained on track for their best month in over a year, with high optimism for an end to US interest rate hikes and strong Black Friday and Cyber Monday sales boosting the market sentiment .

In other news, the “Magnificent Seven” tech stocks — Apple, Alphabet, Microsoft, Amazon, Meta, Tesla, and Nvidia — make up roughly one-third of the S&P 500’s market cap and are up 80% this year. Their valuations are drawing comparisons to the dot-com bubble in 2000.

Additionally, the cryptocurrency exchange Binance agreed to pay fines and restitution of $4.3 billion and also plead guilty to criminal charges relating to money laundering, conducting an unlicensed money transmitting business, and sanctions violations. The settlement was seen as a positive sign for the crypto industry, as it could bring more regulatory clarity and reduce systemic risk.

Some stocks trending tickers page during morning trading on Monday were Shopify, Amazon, Foot Locker, and Snowflake. Shopify and Amazon rose on strong e-commerce sales, while Foot Locker fell on a downgrade by Citigroup. 





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