Stock futures surged on Thursday as growth stocks led gains following the Federal Reserve’s decision to cut interest rates. The move by the Fed to lower rates boosted investor confidence, particularly in companies focused on growth and innovation.
The decision to cut rates by the Fed was met with enthusiasm by investors, who view lower rates as a positive sign for the economy. Growth stocks, which tend to benefit from lower interest rates, saw the biggest gains in pre-market trading.
Investors are hopeful that the rate cut will help stimulate economic growth and support companies that are driving innovation and technological advancements. The positive sentiment surrounding growth stocks helped propel futures higher as investors positioned themselves for potential gains in the market.
Overall, the market is responding positively to the Fed’s decision to cut rates, with growth stocks leading the way in pre-market trading. Investors will be closely watching how these companies perform in the coming days as they navigate the changing economic landscape.