12.08.202523:55:54UTC+00US Futures Steady After Strong Rally

On Wednesday, US stock futures showed minimal movement following record-high closures for the S&P 500 and Nasdaq Composite in the previous session, driven by reduced inflation concerns. The S&P 500 had climbed 1.13%, the Nasdaq increased by 1.39%, and the Dow rose by 1.1% on Tuesday. Recent data indicated that the Consumer Price Index grew by 0.2% month-over-month and 2.7% year-over-year, bolstering expectations of a Federal Reserve rate cut. The markets have now factored in a 94% probability of a 25-basis-point cut in September. Investor sentiment was also buoyed by President Donald Trump's decision to extend a 90-day delay on tariffs for Chinese imports. In corporate developments, Cava saw its shares tumble over 22% in after-hours trading due to weaker-than-expected revenue growth for the second quarter and a downgraded full-year sales outlook. Meanwhile, CoreWeave experienced a 10% decline despite robust revenue growth, as its latest results presented a mixed picture.