Optimism and Rate Cuts Propel Wall Street Amid Shutdown

U.S. stock index futures advanced on Friday as investor sentiment was buoyed by the prospect of an imminent interest-rate cut. The latest bullish sentiment arose even as a federal government shutdown entered its third day, interrupting critical economic data flow.

The shutdown's impact includes postponing the anticipated nonfarm payrolls report, compelling investors to turn to other economic indicators suggesting a softening in the labor market. This potential rate cut optimism and the strength of the technology sector pushed Wall Street to record highs.

The market's resilience is supported by solid macroeconomic conditions and healthy consumer activity. As stocks showed signs of fragility amid traders securing gains, further direction is anticipated from upcoming economic data, including the ISM non-manufacturing PMI and remarks from Federal Reserve officials.

(With inputs from agencies.)