US stock futures steady as Wall St extends record run amid softer inflation
Investing.com-- U.S. stock index futures steadied in evening deals on Thursday after strength in technology shares saw Wall Street extend a recent run of record highs as data showed some cooling in inflation.
Gains in Wall Street were driven largely by optimism over artificial intelligence, and came even as the Federal Reserve warned that it saw fewer chances of interest rate cuts in 2024.Futures steadied after Wall Street indexes marked a fourth consecutive day of record highs, amid persistent support from technology stocks.
Tech remained heady, extending a rally seen earlier this week that was largely triggered by market major Apple Inc announcing a major foray into AI. Apple’s announcement lent more fuel to the AI rally, and also saw the stock briefly become the most valuable company on Wall Street.data released on Thursday showed factory prices unexpectedly fell in May, adding to optimism that a disinflationary trend was in play.
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