Wall Street set to decline following last week's records, fueled by the Fed's first rate cut of 2025

Wall Street set to decline following last week's records, fueled by the Fed's first rate cut of 2025 Updated 16 mins ago Wall Street veered toward losses following another record-setting week that was propelled by the Federal Reserve’s first interest rate cut of the year. Futures for the S&P 500 shed 0.3% before the bell Monday, while futures for the Nasdaq and Dow Jones Industrial Average each fell 0.4%. The Fed’s rate cut last week has raised optimism on Wall Street that the U.S. central bank would keep lowering its benchmark lending rate to close out 2025, giving the economy extra fuel. Pfizer shares dipped 1.6% after it said it would spend $4.9 billion to acquire the development-stage obesity drugmaker Metsera.