U.S. stock futures fell on Wednesday night as investors assessed the Federal Reserve’s latest interest rate cuts, which fueled late gains on Wall Street.
Dow Jones Industrial Average futures (YM=F) edged down about 0.4%. S&P 500 (ES=F) and Nasdaq 100 futures (NQ=F) fell 0.9% and 1.3%, respectively.
In after-hours trading, software giant Oracle reported quarterly revenue that missed expectations, raising fresh concerns about demand for cloud infrastructure and slightly dampening Wall Street’s earlier bullish sentiment, sending its shares tumbling more than 10%.
On Wednesday, the broader market closed higher after a divided Federal Reserve voted to cut interest rates for the third time this year, lowering the federal funds target range to 3.5%–3.75%. Policymakers also signaled more gradual easing in the coming months, but Chairman Jerome Powell also signaled that he would not consider raising interest rates while speaking broadly about the strength of the U.S. economy.
Powell said officials are “well-positioned to wait and see” how economic conditions evolve, adding that tariffs imposed by President Trump have added to inflationary pressures.
The week continues with earnings reports, with Broadcom ( AVGO ) , Costco ( COST ) and Lululemon ( LULU ) all due on Thursday, making for an unpredictable season for AI and retail traders. In other earnings news after Wednesday’s close, Synopsys (SNPS), boosted by a $2 billion strategic investment from Nvidia (NVDA) earlier this month, surged 8% after strong fourth-quarter results.
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