Stocks Near Flat Sunday Night After Rate Cut-Fueled Rally

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U.S. stock futures edged lower on Sunday evening following a strong week of gains fueled by the Federal Reserve's decision to cut interest rates. Investors are now awaiting economic data and speeches from Federal Reserve officials for clues about future monetary policy.

are near flat Sunday night after excitement over last week's interest rate cut propelled the blue-chip index to a record closing level.lower interest rates by 50 basis points, which was notably above 42,000. All three of the major indexes added more than 1% for the week, during which the

"The reality is that neither 25 nor 50 bps of rate cuts will materially change the near-term economic trajectory," he said."But the signal is important nonetheless, and markets responded the following day taking the S&P 500 Index to a new all-time high."

 

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