US Futures Hold Near Record Highs
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US equity futures remained near record highs on Friday in thin trading post-holidays. S&P 500 and Dow futures were buoyed by expectations of sustained economic growth and accommodative monetary policy. However, skepticism about Fed rate cuts and AI infrastructure spending tempered gains. Commodity futures, including Newmont and Freeport-McMoRan, rose, and oil producers gained amid US-Venezuela tensions. Nvidia edged higher on a licensing deal with AI startup Groq.
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