Traders work on the New York Stock Exchange trading floor during early trading on Nov. 7, 2024 in New York City.
Michael M. Santiago | Michael M. SantiagoGetty Images
U.S. stock index futures were hovering near flatline Thursday night. S&P 500 Index and Nasdaq Index The post-election rally hit a record high as investors weighed the Federal Reserve’s latest interest rate cuts.
S&P 500 Index Futures and futures-linked Dow Jones Industrial Average The amount added each time is less than 0.1%. Nasdaq 100 Futures Not much has changed.
During Thursday’s trading session, the broader market index rose 0.7% to close at a new record. The tech-heavy Nasdaq rose 1.5%, closing above 19,000 points for the first time. at the same time, 30 stocks in the Dow Jones Index Slightly lower. All three major moving averages hit intraday record highs.
Stocks have continued to rise since Wednesday following President-elect Trump’s victory, with the Dow Jones and S&P 500 rising to their best performances since November 2022.
At the same time, the Federal Reserve cut interest rates by 25 basis points, in line with market expectations. Federal Reserve Chairman Powell said at a press conference that he “feels good” about the economy.
However, Scott Helfstein, head of investment strategy at Global
Investors generally view a Republican-controlled administration as more favorable to deregulation, the potential for more mergers and acquisitions and proposed tax cuts. However, worries about a large federal deficit and rising tariffs have also raised concerns about rising inflation.
“Markets are signaling that a Trump administration will be good for growth and risk assets, but the combination of faster growth and new tariffs will be inflationary,” he added. “While the Fed considers risks to stable prices and full employment to be balanced, this could change quickly, raising the risk of a reacceleration of inflation.”
The post-election surge has all three major stock indexes on track for strong weekly gains, with the S&P 500 up about 4.3% and the Dow Jones up nearly 4%. Both indexes are on track for their best week since November 2023.