US stock futures: US stock futures rise on first Fed rate cut this year – News Air Insight

US equity-index futures gained, suggesting investors are regaining confidence after the Federal Reserve’s decision to lower borrowing costs, even as questions linger over the path of future policy moves.

Contracts for the S&P 500 and the Nasdaq 100 advanced around 0.4% in early trading Thursday, after the underlying benchmarks posted minor declines following the central bank’s announcement. Contracts for Asian stocks were mixed. Treasuries fell across the curve, sending the policy-sensitive two-year yield five basis points higher, while an index of the dollar strengthened.

Stocks climbed to record highs this week as investors priced in a 25-basis-point cut ahead of Wednesday’s meeting. While the Fed followed through, officials stressed policy will be decided “meeting by meeting” and warned “there’s no risk-free path” ahead. Even so, policymakers now see two additional quarter-point cuts this year, which is one more than what was projected in June.

“It’s going to be very much business as usual,” said Andrew Jackson, head of Japan equity strategy at Ortus Advisors. The market will continue “to chase upside in tech and AI with very little profit taking emerging from the Fed event, despite most indices at or close to their record highs.”