On Thursday, US stock futures fluctuated slightly between gains and losses, following a record-setting close by the Dow Jones the day before. Traders approached the market cautiously as they anticipated the release of significant economic reports, which have been delayed due to the longest government shutdown in US history. These reports could play a crucial role in shaping the Federal Reserve's forthcoming monetary policy decisions. Market predictions for a 25 basis points Federal Reserve rate cut next month have decreased to approximately 54%, compared to nearly 65% the previous day.
Among the large-cap stocks, Apple and Meta saw pre-market gains of 0.4%, while Amazon remained largely steady. Conversely, Nvidia, Microsoft, Alphabet, Tesla, and Broadcom experienced slight declines of 0.4%, 0.2%, 0.4%, 0.4%, and 0.1%, respectively.
In terms of earnings, Cisco impressed with over a 7% surge in premarket trading after it revised its full-year profit and revenue forecasts upward. Meanwhile, Disney saw a decline of 0.5%, and Applied Materials recorded a modest increase of 0.1% in anticipation of its earnings report.
