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Wall Street Futures Surge as Fed Hints at More Cuts, Nvidia’s $5B Intel Bet Lifts Tech

  U.S. stock futures climbed on Thursday, with the Nasdaq leading gains, after the Federal Reserve cut interest rates by 0.25 percentage points and signaled two more reductions could follow in 2025. Dow Jones Industrial Average futures rose 0.7%, S&P 500 futures gained 0.8%, and Nasdaq 100 futures jumped 1.2%, buoyed by a sharp rally in tech stocks. Intel shares surged nearly 30% in premarket trading after Nvidia announced a $5 billion investment in the struggling chipmaker, though the deal stops short of a manufacturing partnership. The Fed’s move, aimed at supporting a slowing economy amid high inflation and a weakening labor market, initially sparked caution, but optimism returned as investors bet on a more accommodative policy path. If gains hold, the S&P 500 is set to open above 6,700 for the first time, extending September’s unexpected rally. Traders are now watching weekly jobless claims for further clues on the labor market, while corporate earnings — including ...
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Barack and Michelle Obama Endorse Kamala Harris for President

 

In a significant show of support, former President Barack Obama and first lady Michelle Obama have officially endorsed Vice President Kamala Harris for the 2024 presidential bid¹. The Obamas shared their endorsement in a heartfelt statement, expressing confidence in Harris's ability to lead the nation. Their endorsement is expected to bolster Harris's campaign and solidify her position as a front-runner in the race.

The announcement comes as no surprise, given the historic ties between the Obamas and Harris. Sixteen years ago, Barack Obama shattered barriers by becoming the first person of color to be elected president of the United States. Now, he and Michelle Obama are throwing their weight behind Harris, recognizing the historic significance of her candidacy³.

Harris, who has been serving as vice president, has already made waves with her progressive policies and commitment to social justice. With the Obamas' endorsement, her campaign gains crucial momentum, positioning her as a formidable contender in the upcoming election.

As the campaign trail heats up, all eyes will be on Kamala Harris, who carries the hopes and aspirations of many. With the Obamas firmly in her corner, she faces both high expectations and unwavering support. The road ahead promises to be historic, and Harris is ready to make her mark on American politics.



Source: Conversation with Copilot, 7/26/2024

(1) Barack and Michelle Obama endorse Kamala Harris, giving her expected but crucial support. https://www.msn.com/en-us/news/politics/barack-and-michelle-obama-endorse-kamala-harris-giving-her-expected-but-crucial-support/ar-BB1qFgW1.

(2) Barack and Michelle Obama endorse Kamala Harris: 'This is going to be historic.'. https://www.msn.com/en-us/news/other/barack-and-michelle-obama-endorse-kamala-harris-this-is-going-to-be-historic/ar-BB1qFmkD.

(3) See moment Barack and Michelle Obama endorse Kamala Harris for ... - CNN. https://www.cnn.com/2024/07/26/politics/video/kamala-harris-barack-michelle-obama-endorsement-president-ctm-ldn-digvid.

(4) Barack and Michelle Obama Endorse Kamala Harris for President - Variety. https://variety.com/2024/politics/news/barack-michelle-obama-endorse-kamala-harris-president-1236086147/.

(5) Barack Obama and Michelle Obama Endorse Kamala Harris for President. https://www.hollywoodreporter.com/news/politics-news/barack-obama-michelle-obama-endorse-kamala-harris-president-election-2024-1235958617/.

(6) Barack, Michelle Obama endorse Vice President Kamala Harris for president. https://www.msn.com/en-us/news/other/barack-michelle-obama-endorse-vice-president-kamala-harris-for-president/ar-BB1qFRBD.

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