Dow and S&P 500 Hit Record Highs Amid Rate Cut Speculation

Dow futures remained flat after the index posted its best day since June 2023, with the S&P 500 and Nasdaq 100 futures slightly down. Notable after-hours movements included Five Below dropping 10% and J.B. Hunt falling over 2%. The Dow surged over 700 points on Tuesday, driven by optimism around interest rate cuts and a shift from megacap tech to small-cap stocks, with the Russell 2000 gaining 3.5%. Upcoming earnings reports include United Airlines and Johnson & Johnson, while economic data releases are also anticipated.