Menu

Search

  |   Economy

Menu

  |   Economy

Search

U.S. Stocks Hit Records Ahead of Fed Rate Cut Decision

U.S. Stocks Hit Records Ahead of Fed Rate Cut Decision. Source: Luis Villa del Campo from Madrid, Spain, CC BY 2.0, via Wikimedia Commons

U.S. stock futures were steady Monday evening after the S&P 500 and Nasdaq closed at record highs, driven by optimism over a potential Federal Reserve interest rate cut and progress in U.S.-China trade talks.

As of 20:14 ET (00:14 GMT), S&P 500 Futures held near 6,676.50, Nasdaq 100 Futures traded flat at 24,543.0, and Dow Jones Futures dipped 0.1% to 46,240.0. Earlier in the session, the S&P 500 climbed 0.5% to a record 6,619.62, while the Nasdaq Composite rose nearly 1% to 22,352.25. The Dow added 0.1%.

Markets widely expect the Federal Open Market Committee to cut rates by 25 basis points at its September 16–17 meeting. Investors are closely watching whether the Fed signals this as the start of a broader easing cycle.

Sentiment also improved after President Donald Trump said a “big Trade Meeting in Europe” went “VERY WELL,” noting a deal had been reached to secure TikTok’s U.S. ownership. Treasury Secretary Scott Bessent confirmed a framework was in place, with Trump and Chinese President Xi Jinping expected to finalize details during a Friday call.

In corporate news, Tesla shares gained 3.6% after Elon Musk disclosed nearly $1 billion in stock purchases. Alphabet surged 4%, surpassing a $3 trillion market valuation for the first time, boosting the tech sector. Meanwhile, Nvidia closed flat as China’s regulator said it would continue an anti-monopoly probe after preliminary findings of violations.

The combination of expected Fed easing, progress in trade negotiations, and major corporate moves fueled investor confidence, keeping Wall Street on track for further momentum despite global uncertainties.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.