Guam News Factor – US stock futures rose on Friday after all three major indexes closed at record highs, with the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 futures all climbing by 0.1%. This surge came after FedEx shares rose by 13% in extended trading following better-than-expected earnings, while Lululemon saw an 11% slide due to weak guidance related to slowing growth in North America.
The major stock indexes closed at record levels for the second consecutive day, with the Dow gaining 0.7%, the S&P 500 adding 0.3%, and the Nasdaq Composite increasing by 0.2%. Market optimism was driven by the Federal Open Market Committee’s expectation for three rate cuts this year, leading investors to align with the Fed’s stance despite recent inflation reports.
The S&P 500 was tracking for a 2.4% gain, the Nasdaq was up nearly 2.7%, and the Dow was outperforming with an almost 2.8% increase for the week. This marked the best week for the Dow since December, with all three indexes posting their fourth straight winning session.
Overall, the stock market showed resilience and strength, with investors reacting positively to the prospect of lower interest rates and continuing to push major indexes to new highs. Stay updated with Guam News Factor for more financial news and updates.