Stock market today: Live updates

Traders on the New York Stock Exchange saw U.S. stock futures holding steady after the S&P 500 and Nasdaq hit record highs following the Federal Reserve’s interest rate cut. The markets reacted positively to President-elect Donald Trump’s victory, with expectations of a Republican-controlled government leading to optimism about deregulation, tax cuts, and economic growth. However, concerns about inflation due to increased tariffs and the federal deficit remain. Despite these uncertainties, all three major averages are on track for strong weekly gains, with the Nasdaq leading the pack with a 5.6% advance.