Dow futures tick higher, indices rally to record highs on Friday

Investing.com - US stock futures remained relatively stable on Sunday evening, as investors hope to capitalize on the S&P 500's recent record-breaking performance from Friday.

By 06:30 pm ET (11:30 pm GMT) Dow Jones Futures and S&P 500 Futures ticked 0.1% higher while Nasdaq 100 Futures added 0.3%.

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The technology sector emerged as the standout performer among the S&P 500 sectors on Friday, registering a 2.35% daily gain and a weekly increase of 4%.

The durability of Wall Street's robust performance hinges on the U.S. central bank's ability to achieve a smooth economic transition. Investors are hopeful for a sequence of benchmark interest rate reductions starting in March, although there's some uncertainty surrounding the execution of the initial cut.

According to the CME Group’s FedWatch Tool data as of Friday, investors are now estimating a nearly 47% probability of a Federal Reserve rate cut in March, a notable drop from the 81% prediction just a week prior.

Investors will be keenly observing a series of economic reports scheduled for release this week, including Friday's gross domestic product data and the personal consumption expenditures prices. These reports could shed light on how central bank policymakers might adjust monetary policy in the future.

On the bond markets, United States 10-Year rates were at 4.14%.