Stock market today: US futures rise with jumbo Fed cuts back on the table

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Nasdaq 100 Futures News

Federal Reserve,Basis Point,New York Fed

The stage is set for strong weekly wins after Wall Street's expectations for a 0.5% rate cut by the Fed shot up overnight.

US stock futures edged higher on Friday, setting the stage for strong weekly wins after Wall Street's expectations for a jumbo interest-rate cut by the Federal Reserve shot up overnight.) added 0.1% to point to a fifth day of gains for both gauges amid a comeback for tech stocks. Dow Jones Industrial Average futures fell early Friday, down 3 basis points at around 3.65%. At the same time, the yield on 2-year notes, seen as sensitive to monetary policy, dropped to just above 3.58%.

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