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U.S. Stock Futures Rise on Fed Rate Cut Hopes and Strong Corporate Earnings

U.S. Stock Futures Rise on Fed Rate Cut Hopes and Strong Corporate Earnings.

U.S. stock futures climbed on Thursday as optimism grew over potential Federal Reserve rate cuts and solid third-quarter earnings from several major companies lifted investor sentiment. The market rally reflects increasing confidence that lower borrowing costs could sustain economic momentum and corporate profitability through the year’s end.

United Airlines (NASDAQ:UAL) shares slipped 1.3% despite forecasting record-high quarterly revenue, driven by robust travel demand and improved pricing power. Salesforce (NYSE:CRM) surged 5.9% after the cloud software giant raised its long-term revenue target to over $60 billion by 2030 and announced a $7 billion share buyback plan, reinforcing confidence in its growth strategy.

Oracle (NYSE:ORCL) gained 1.5% ahead of its financial analyst meeting during the company’s AI-focused Las Vegas conference, with investors anticipating updates on cloud and artificial intelligence initiatives. Taiwan Semiconductor Manufacturing (NYSE:TSM) rose 2% as strong global demand for AI infrastructure continued to boost chip production and revenue forecasts.

Charles Schwab (NYSE:SCHW) jumped 4.2% after beating third-quarter earnings and revenue expectations, driven by resilient market activity and fee growth. KeyCorp (NYSE:KEY) advanced 1.3% following a notable profit increase fueled by higher-yielding assets and lower deposit costs.

Meanwhile, Snap-On (NYSE:SNA) dipped 0.2% despite surpassing earnings estimates, as stronger sales to auto repair and parts businesses supported growth. Travelers (NYSE:TRV) dropped 6% even after reporting a profit surge supported by lower catastrophe losses and stronger investment returns. Bank of New York Mellon (NYSE:BK) gained 0.4% as elevated equity markets boosted client asset values and management fees.

Overall, Wall Street’s premarket momentum underscores optimism around monetary easing and resilient corporate earnings, signaling potential gains ahead for U.S. equities.

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