U.S. stock futures traded sideways on Thursday. Markets remained calm after global stocks, largely supported by expectations that the Federal Reserve will soon lower interest rates, reached fresh record levels for one more day. Meanwhile, Cisco Systems' current quarter guidance exceeded forecasts, as the network equipment firm continues to expect steady support from increased corporate spending on artificial intelligence. Additionally, data that could provide new insights into the state of the U.S. economy will also be released.
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U.S. stock futures traded sideways on Thursday. Markets remained calm after global stocks, largely supported by expectations that the Federal Reserve will soon lower interest rates, reached fresh record levels for one more day. Meanwhile, Cisco Systems' current quarter guidance exceeded forecasts, as the network equipment firm continues to expect steady support from increased corporate spending on artificial intelligence. Additionally, data that could provide new insights into the state of the U.S. economy will also be released.