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2025-09-18 21:36:39
[US Tech Stocks Lead Gains as Fed Rate Cuts Boost Market Sentiment] ⑴ Wall Street's three major stock index futures all rose on Thursday, with Dow Jones futures up 0.32%, S&P 500 futures up 0.64%, and Nasdaq 100 futures surging 1.05%, indicating a return of favor for tech stocks. ⑵ The Federal Reserve continued its dovish stance after cutting interest rates by 25 basis points. Chairman Powell explicitly prioritized the weakening job market, hinting at further rate cuts at its October and December meetings. ⑶ Market pricing indicates that investors expect a cumulative rate cut of 42.6 basis points by the end of 2025, equivalent to nearly two standard rate cuts. Russell 2000 futures, which are sensitive to interest rates, rose 0.9% in response. ⑷ Among individual stocks, Intel surged 30% in pre-market trading after Nvidia announced a $5 billion strategic investment but failed to reach a key production agreement. Nvidia itself also rose 2.7%, shrugging off concerns about Chinese sourcing. 5. Weekly initial jobless claims reached 213,000, significantly lower than the expected 240,000, indicating that the labor market remains relatively resilient, providing policy space for the Federal Reserve to implement gradual interest rate cuts.
