US equity futures remained stable on Friday as traders sought new market signals following Donald Trump's recent presidential election victory. The Dow Jones Industrial Average futures held steady, while S&P 500 futures experienced a slight dip of less than 0.1%, and Nasdaq futures declined by 0.2%, aligning with estimates gathered by Bloomberg. Earlier in the week, major indices had rallied after Trump's win over Vice President Kamala Harris in the 2024 presidential election.
Additionally, on Thursday, the Federal Open Market Committee announced a 25 basis point reduction in its benchmark lending rate, adjusting it to a new range of 4.5% to 4.75%. In commodity markets, oil prices reflected a downturn, with North Sea Brent crude, the front-month global benchmark, falling 1.5% to $74.49 per barrel, and US West Texas Intermediate crude retreating by 1.8% to $71.03 per barrel. As for consumer sentiment, which is set to be released at 10 am ET, expectations indicate a rise to 71.0 in November from a previous measurement of 70.5 in October, based on estimates compiled by Bloomberg..