Nasdaq Futures Jump 1% as Stocks Rally After Fed: Markets Wrap

US stock futures advanced and Treasury yields fell after the Federal Reserve delivered its first interest rate cut of 2025 and signaled that more are likely to follow soon as officials moved to support the economy.

Contracts on the S&P 500 rose 0.9% on Thursday, shaking off a choppy few hours after the Fed’s quarter-point reduction on Wednesday. Nasdaq 100 futures gained more than 1%. US government bonds recovered, with the 10-year yield slipping four basis points to 4.05%. The dollar held on to its post-Fed advance.

Markets were unsettled in the immediate aftermath of the Fed’s decision. Traders weighed ...