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Futures mixed as chip equipment, auto stocks decline; rate-pause hopes support sentiment

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(Reuters) - Wall Street index futures were mixed on Friday as shares of Ford and General Motors as well as chip-equipment makers declined in premarket ...

- Wall Street index futures were mixed on Friday as shares of Ford and General Motors as well as chip-equipment makers declined in premarket trading, while investors remained optimistic - Wall Street index futures were mixed on Friday as shares of Ford and General Motors as well as chip-equipment makers declined in premarket trading, while investors remained optimistic about a likely pause in U.S. interest-rate hikes.

SoftBank's Arm Holdings gained 8.7% in premarket trading after a stellar Nasdaq debut on Thursday, rekindling hopes of a turnaround in the initial public offering market. Arm's successful premiere has prompted grocery-delivery company Instacart to raise its IPO target price, according to a report. Traders see a 97% chance of the Federal Reserve holding rates steady in its Sept. 20 policy meeting and a near 65% likelihood of a pause in November, according to the CME FedWatch Tool.

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