Reported about 4 hours ago
U.S. stock futures rose after the Federal Reserve cut interest rates for the first time this year by 0.25 percentage points, bringing the benchmark rate to 4%-4.25%. The Dow Jones and S&P 500 futures increased by 0.3%, while Nasdaq 100 futures jumped 0.4%. Despite the rate cut, Fed Chair Jerome Powell warned of challenges due to high inflation and a weak labor market. In other news, President Trump met with UK tech and finance executives as both nations aim to strengthen ties in AI.
Source: YAHOO