Stock market today: Dow, S&P 500, Nasdaq futures surge as Fed fires up rally

Published On Sep 19, 2024, 6:55 AM

U.S. stock futures experienced a significant rise following the Federal Reserve's decision to implement a 50 basis point interest rate cut, boosting optimism for a "soft landing" for the economy. Futures for the Dow Jones, S&P 500, and Nasdaq100 surged, with tech stocks, particularly major players like Alphabet, Microsoft, Apple, and Tesla, experiencing notable premarket gains. Analysts at Bank of America have adjusted their expectations, now forecasting a total rate cut of 0.75% by the end of the year, indicating a positive outlook for the market.