FX.co ★ US Futures Flat After Upbeat Session

U.S. stock futures remained stable on Thursday following another positive session on Wall Street, fueled by the anticipation that the Federal Reserve will reduce interest rates in the upcoming week. During Wednesday’s regular trading hours, the Dow Jones Industrial Average surged by 0.86%, while the S&P 500 and Nasdaq Composite increased by 0.3% and 0.17%, respectively. Market sentiment was bolstered by unexpectedly weak ADP employment data, which revealed a surprising decline of 32,000 in private payrolls, edging the likelihood of a Fed rate cut towards near certainty. In after-hours trading, Salesforce saw a 2% rise following the release of an optimistic revenue forecast. Meanwhile, discount retailer Five Below appreciated by nearly 2% on the back of strong quarterly performance. In contrast, Snowflake's shares plummeted by over 7% after the AI cloud company reported losses in earnings. Investors are now focusing on anticipated earnings reports from companies such as Dollar General, DocuSign, and HP, which are scheduled for release on Thursday.