US stock futures were steady on Thursday, pausing after the major averages advanced in the prior session as technology shares rebounded and investors largely shrugged off hawkish signals from the Federal Reserve.
On Wednesday, the Dow Jones Industrial Average and the S&P 500 gained 0.26% and 0.56%, respectively, extending their winning streak to a third straight session, while the tech-heavy Nasdaq Composite rose 0.78%.
Among notable movers, Nvidia climbed 1.6% after Meta said it plans to deploy millions of Nvidia chips in a new data center. Micron surged 5.3%, and Amazon advanced 1.8%, both outperforming the broader market. Energy and financial stocks were also among the session’s leading sector gainers.
Investors are now turning their attention to Walmart’s earnings for fresh insight into consumer spending trends and the health of the broader economy.
At the same time, interest rate traders continued to price in multiple Federal Reserve rate cuts this year, even as minutes from the central bank’s latest meeting showed many FOMC members cautioning that the disinflation process could be slow and uneven.
