Stock market today: live updates

U.S. stock futures were largely unchanged on Friday morning S&P 500 And Nasdaq Composite A post-election rebound saw the US hit records and investors weighed the Federal Reserve's latest interest rate cut.

S&P 500 futures fell less than 0.1%, while Nasdaq 100 futures had fallen by 0.2%. Futures tied to the Dow Jones Industrial Average were slightly higher.

During Thursday's trading session, the broad market index gained 0.7% to close at a new record. The tech-heavy Nasdaq rose 1.5% to end the session above 19,000 for the first time. Now it is 30 Dow stocks was slightly lower. The three major averages all hit intraday record highs during the session.

The upside continues Wednesday's market rally following President-elect Donald Trump's victory, which saw the Dow and S&P 500 rise to their best days since November 2022.

Meanwhile, the Fed cut interest rates by a quarter point, in line with market expectations. Fed Chairman Jerome Powell said during a news conference that he was “feeling good” about the economy.

However, “the path of Fed cuts is more unclear today than it was a week ago before the election,” said Scott Helfstein, head of investment strategy at Global X ETFs.

A Republican-controlled government is generally viewed positively by investors in terms of expectations for deregulation, the potential for further mergers and acquisitions, and proposed tax cuts. However, concerns about the high government deficit and increased tariffs have also raised concerns about a rise in inflation.

“The market is signaling that a Trump administration would be good for growth and risk assets, but the combination of faster growth and new tariffs would be inflationary,” he added. “While the Fed believes the risks are balanced between stable prices and maximum employment, this could change quickly, increasing the risk of inflation accelerating again.”

The post-election surge has all three major averages on track for strong weekly gains, with the S&P 500 up about 4.3% and the Dow up nearly 4%. Both indexes are on track for their best week since November 2023. The Nasdaq is the outperformer of the three, up 5.6% through Thursday's close.