Overview

• U.S. futures jumped with the Dow, S&P 500, and Nasdaq on track to open at all-time highs following the Federal Reserve’s 25-basis-point rate cut.
• Fed officials projected two additional cuts this year contingent on incoming data, while Chair Jerome Powell cautioned there is no risk-free path given inflation and labor signals.
• Intel shares surged roughly 30% in premarket trading after Nvidia said it will invest $5 billion and team up to develop chips for PCs and data centers.
• The Nvidia–Intel agreement includes custom processors and AI integration but stops short of a manufacturing order, and Nvidia shares edged higher.
• Tech headlines added to the risk-on tone as Meta unveiled $799 AI-powered Ray-Ban Display glasses, while StubHub slipped after debuting and pointed lower before the open.