Stock Market Soars Amid Anticipation of Fed Rate Cuts

On Tuesday, U.S. stock index futures saw an upward trend following record closes for the S&P 500 and Nasdaq. This surge comes as investors anticipate a significant rate cut from the Federal Reserve, amid indicators of a weakening labor market.

Predictions remain firm for a 25 basis point reduction in interest rates, with a total of 68 basis points anticipated by the end of 2025. The dynamics were further influenced by the confirmation of Stephen Miran to the Fed Board and a judicial ruling supporting Fed Governor Lisa Cook's position.

Market attention also shifted to corporate developments, as Oracle gained traction due to potential deals concerning TikTok operations. Meanwhile, robust performances by Tesla and Alphabet contributed to the indices' gains, despite historical September trends which typically see losses in U.S. equities.

(With inputs from agencies.)