At the end of a week dominated by a highly charged Federal Reserve meeting, markets were stalling after a rate-cut rally the previous session pushed the three main indexes to record highs. Attention will now turn to U.S.-China trade talks and an expected phone call between President Donald Trump and his Chinese counterpart Xi Jinping.
Stock futures tracking the Dow Jones industrial Average were down 13 points, or effectively flat. Those tied to the S&P 500 and Nasdaq 100 were also stalling in early trading Friday. All three finished at all-time highs in the previous session.
Thursday’s session was a victory for the small-caps with the Russell 2000 jumping 2.5% and closing at a record for the first time since Nov. 8, 2021, according to Dow Jones Market Data. Tech stocks also rallied, led by Intel, after Nvidia announced it would invest $5 billion in the struggling chip maker and partner with it to co-develop “multiple generations of custom data center and PC products.”
