Wall Street on Edge: Record Gains Amid Insights from Fed and Market Movers

U.S. stock index futures remained stable on Friday after a remarkable rally the day before. The record highs of major indexes were fueled in part by FedEx's positive earnings report, which outperformed Wall Street targets thanks to cost-cutting strategies and robust domestic deliveries. Subsequently, FedEx shares experienced a notable increase of 5.4% before the stock market opened.

The surge also saw traction from news within the technological sector. Particularly, chipmaker Intel saw fluctuations in its stock, influenced by artificial intelligence leader Nvidia's decision to invest a substantial $5 billion stake in Intel. In the same vein, the Federal Reserve, under the leadership of Chair Jerome Powell, played a crucial role, highlighting concerns over a weakening labor market and suggesting further easing of monetary policy, thereby boosting investor sentiment.

Meanwhile, the Dow, S&P 500, and Nasdaq continued to show gains despite minor premarket dips. Additionally, market watchers are gearing up for potential volatility linked to 'triple witching,' affecting options and futures. On a broader scale, analysts and investors are eagerly anticipating a scheduled call between President Donald Trump and Chinese President Xi Jinping, likely to have significant ramifications for markets, particularly concerning TikTok's fate.

(With inputs from agencies.)