U.S. stock futures fell on Thursday following Wednesday’s mixed close. Futures of major benchmark indices were lower.
The AI frenzy is still in full swing. Advanced Micro Devices (NASDAQ:AMD) surged over 11%, while Micron Technology (NASDAQ:MU) gained around 6% on Wednesday.
Meanwhile, the Fed minutes released on Wednesdays showed that President Donald Trump‘s trade tariffs continue to weigh on the outlook for growth and inflation, raising concerns over how long the Federal Reserve can stick with its planned cycle of interest rate cuts.
