Wall Street Great 4 Days In A Row

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United States (US) stock futures remained steady on Friday after another winning session on Wall Street, with the S&P 500 and Nasdaq Composite rising for a fourth straight day.


In regular trading on Thursday, the Dow was up 0.58%, the S&P 500 was up 0.75% and the Nasdaq Composite was up 1%.


Megacap technology firms led the rise, including Nvidia (1.9%), Broadcom (4%), Meta Platforms (2.7%), Amazon (1.3%) and Alphabet (2.3%).


All 11 S&P sectors ended higher, with the communications services and energy sectors the most advanced.


Meanwhile, data released on Thursday showed US producer prices rose better than expected for August.


Meanwhile, the market is now preparing to expect the Federal Reserve (Fed) to start reducing interest rates next week.


Investors expect a 59% percentage that the Fed will make a 25 basis point rate cut, with a 41% chance seen for a larger 50 basis point reduction.

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