Stock market today: Dow, S&P 500, Nasdaq futures climbed as Senate confirm Trump's Fed pick Miran

Core Points - US stock futures increased following the Senate's confirmation of Stephen Miran as a Federal Reserve board governor, coinciding with a record-setting day on Wall Street [1][2] - The Senate confirmed Miran with a narrow 48-47 vote, positioning him to influence interest rate decisions during the upcoming Federal Reserve policy meeting [2] - Miran's intention to take a leave of absence from his White House advisor role raises concerns about the independence of the Federal Reserve, especially amid President Trump's efforts to dismiss Fed governor Lisa Cook [3] Market Reactions - The S&P 500 and Nasdaq Composite reached new highs during day trading, driven by positive sentiment from ongoing US-China trade talks and expectations of a Federal Reserve rate cut [4] - The Federal Reserve's upcoming decision on interest rates is the main event of the week, with traders anticipating a 96% chance of a 25 basis-point cut due to labor market slowdowns [5] Economic Indicators - Investors are awaiting retail sales figures to gauge consumer performance amid persistent inflation and a fluctuating labor market [4] - The anticipation of a Federal Reserve rate cut has led to a bullish outlook in the bond market, with US Treasurys outperforming global peers [6]