Reported 7 months ago
US stock futures traded mixed on Thursday, with the S&P 500 near a record high while the Nasdaq 100 surged as tech stocks led the charge. The market reflected on cooling inflation and the Fed's stance on interest rates, with investors remaining undeterred by a shift in the number of projected rate cuts. Notably, Tesla awaited a shareholder vote on a sizable pay package for Elon Musk, propelling its stock up nearly 7% before the market open. Additionally, positive results from chipmaker Broadcom boosted market sentiment towards AI and technology.
Source: YAHOO