FX.co ★ US Futures Steady After Tech-Driven Rally

US stock futures were steady on Friday after major equity benchmarks surged to fresh record highs in the previous session, powered by robust gains in technology shares. On Thursday, the S&P 500 and Nasdaq Composite rose 0.77% and 0.88%, respectively, with both indexes closing at new all-time highs. The Dow Jones Industrial Average also advanced 0.74%, reclaiming the key 50,000 level.

Technology stocks led the advance, with Cisco Systems jumping 13.4% after the company raised its revenue and earnings guidance. Nvidia gained 4.4%, extending its monthly rally to 15%, after the US approved shipments of its H200 chips to 10 Chinese companies. The decision coincided with President Donald Trump’s visit to Beijing alongside top technology executives, as the US-China summit helped ease worries over mounting global economic headwinds. In after-hours trading, Cerebras climbed 6% following the artificial intelligence chipmaker’s stock market debut.