US stock futures nudged higher on Friday, signaling an upbeat end to a record-setting week as the prospect of a reversal from interest-rate hikes buoyed investors’ spirits.
S&P 500 (^GSPC) futures rose about 0.1%, as did those on the Dow Jones Industrial Average (^DJI), which is eyeing the key 40,000 mark. Contracts on the tech-heavy Nasdaq 100 (^NDX) hovered above the flatline.
The gauges are on track for solid weekly gains, having racked up all-time closing highs after the Federal Reserve soothed worries it might scale back its forecast for rate cuts this year. Optimism that borrowing costs have peaked is also riding high on signs other big central banks are ready to pivot.
Read more: What the Fed rate decision means for your money
Among corporates, FedEx (FDX) shares jumped about 13% in premarket after operating margins at the parcel giant’s largest unit improved amid a profit beat. But Nike (NKE) shares slid over 6% as the market absorbed disappointing sales guidance in its mixed results.
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