Wall Street poised to open at record levels following the Fed's first rate cut of 2025

Wall Street poised to open at record levels following the Fed's first rate cut of 2025 Updated 8 mins ago Strong overnight gains have Wall Street poised to open at record highs following the Federal Reserve’s first interest rate cut in nine months. Futures for the S&P 500 rose 0.8% before the bell Thursday, while futures for the Dow added 0.7%. Nasdaq futures jumped 1.1%. Intel shares soared more than 28% after Nvidia announced it was investing $5 billion in the California chipmaker as part of a collaboration to ramp up custom data center and personal computer products. Nvidia shares rose 2.6%. Cracker Barrel shares slid 8.2% after it said that it warned of lower sales and weaker customer traffic in the coming year.