US stock futures were steady on Friday after major equity benchmarks surged to fresh record highs in the previous session, powered by robust gains in technology shares. On Thursday, the S&P 500 and Nasdaq Composite rose 0.77% and 0.88%, respectively, with both indexes closing at new all-time highs. The Dow Jones Industrial Average also advanced 0.74%, reclaiming the key 50,000 level.
Technology stocks led the advance, with Cisco Systems jumping 13.4% after the company raised its revenue and earnings guidance. Nvidia gained 4.4%, extending its monthly rally to 15%, after the US approved shipments of its H200 chips to 10 Chinese companies. The decision coincided with President Donald Trump’s visit to Beijing alongside top technology executives, as the US-China summit helped ease worries over mounting global economic headwinds. In after-hours trading, Cerebras climbed 6% following the artificial intelligence chipmaker’s stock market debut.
