"Equities Reach Record Highs as Tech Rally Lifts S&P 500: Live Updates"
U.S. stock futures were relatively unchanged after the Nasdaq Composite reached a record high, with the S&P 500 and Nasdaq-100 futures showing marginal movements. The recent market rally has been driven by enthusiasm over artificial intelligence, with the S&P 500 and Nasdaq posting their seventh weekly gains in eight. Investors are now focusing on inflation, with Federal Reserve Chair Jerome Powell's updates and key economic data releases expected to provide insight into the future direction of interest rates. Additionally, Macy's is facing a raised buyout bid of nearly $1 billion from Arkhouse Management and Brigade Capital Management.