Stock futures are little changed Wednesday night after the Federal Reserve’s latest interest cut sparked a boost in U.S. equity markets.
Futures tied to the Dow Jones Industrial Average added 40 points, or 0.1%. S&P futures slipped about 0.2%, while Nasdaq 100 futures fell nearly 3%.
In after-hours trading, Oracle
shares tumbled 11% after the cloud infrastructure company posted disappointing quarterly revenue. Synopsys
, which got a $2 billion investment from Nvidia earlier this month, jumped nearly 3% in the after-hours session on the back of the company’s strong fourth-quarter results.
Stocks rose on Wednesday and got a lift after a divided Fed announced an interest rate cut for the third time this year and ruled out a rate hike. The central bank’s Federal Open Market Committee cut its key overnight borrowing rate by a quarter percentage point to a 3.5%-3.75% range and signaled a slower pace of rate cuts ahead.
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