FX.co ★ US Futures Slightly Higher

U.S. stock futures experienced a modest uptick on Thursday, with futures for the three principal indices each advancing approximately 0.1%. This movement reflects traders' anticipation that the Federal Reserve will implement another interest rate cut in the upcoming week, with current probabilities suggesting an 89% chance of such an action. The most recent Challenger report supports the notion of a labor market that is decelerating, as evidenced by last month's 71,321 layoffs—the highest recorded for a November since 2022—culminating in a year-to-date total of 1.17 million, the most significant since 2020. In premarket trading, most of the large-cap technology stocks showed gains: Nvidia rose by 0.4%, Microsoft by 0.5%, Alphabet by 0.6%, Amazon by 0.2%, Meta by 0.5%, and Tesla by 0.5%. Conversely, both Apple and Broadcom saw slight declines of approximately 0.1%. Additionally, Salesforce saw a 1.7% increase following the release of a revenue forecast that surpassed expectations.