U.S. stock futures climbed Thursday after the Federal Reserve pointed to multiple rate cuts in 2024, and the Dow Jones Industrial Average closed at an all-time high.
Futures tied to the 30-stock Dow added 102 points, or 0.3%. S&P 500 futures and Nasdaq 100 futures gained 0.3% and 0.4%, respectively.
Futures got a boost after the 10-year Treasury note yield dropped below 4% for the first time since August. The benchmark rate was last at 3.95%.
The Dow on Wednesday jumped more than 1% to reach a record high above 37,000 after the Federal Open Market Committee indicated it may cut rates three times next year.