FX.co ★ US Futures Extend Gains to All-Time Highs

US stock futures showed a modest uptick on Friday, following a session where all three major indices set new record highs, bolstered by the Federal Reserve's recent decision to cut interest rates. In Thursday's session, the Dow Jones Industrial Average rose by 0.27%, the S&P 500 advanced 0.48%, and the Nasdaq Composite surged 0.94%. Gains were seen in seven out of the eleven S&P sectors, with substantial progress in technology, industrials, and communication services. Notably, Intel experienced a significant increase of approximately 23% after Nvidia announced a $5 billion investment in a collaborative chip development venture, while Nvidia itself appreciated by 3.5%. Additional key performers included Palantir with a 5.1% rise, Coinbase up by 7%, and CrowdStrike surging 12.8%. Earlier this week, the Federal Reserve implemented a 25 basis point rate cut and projected two more reductions within the year, while indicating only one additional cut in 2026. There are no major economic data releases or earnings announcements scheduled for Friday.