Stock futures rally, government shutdown, Micron: 3 things

U.S. stock futures (ES=F, NQ=F, YM=F) are slowly recovering from yesterday’s selloff, fueled by the Federal Reserve’s latest interest rate cut and forecasts that illustrate the central bank’s plans to cut less in 2025 .

Elon Musk supports President-elect Donald Trump’s views and is a key voice in rejecting the funding deal proposed by House Speaker Mike Johnson (R), heightening concerns about a government shutdown this weekend just before the holidays.

Micron Technology (MU) shares are falling after releasing fiscal second-quarter revenue guidance that fell short of Wall Street expectations. Nike (NKE) is expected to report earnings after the market closes on Thursday.

For more expert insights and analysis on the latest market activity, read the Morning Brief here.

This post was written by Luke Carberry Mogan.