Stock Markets Hit Record Highs Amid Rate Cut Expectations

Stock futures remain flat after a market surge driven by signs of weakening jobs and tame inflation, which investors interpret as a potential for the Federal Reserve to cut interest rates next week. Major indices hit record highs, with the Dow surpassing 46,000, despite hotter-than-expected CPI data and a surprising jump in jobless claims. The market is also reacting to upcoming IPOs and after-hours earnings reports, with the week on track for positive performance across major indices.