US stock market futures rise today after Fed rate cut with Dow, S&P 500 and Nasdaq hit record highs — top pre-market gainers and losers to watch today

Market Overview - Market optimism was driven by the Federal Reserve signaling two more rate cuts this year, despite caution from Fed Chair Jerome Powell regarding labor market weakness and uncertainty around further easing [1][6] - Following the Fed's recent rate cut to a range between 4% and 4.25%, U.S. stock market futures showed gains, with Dow futures up approximately 0.69%, S&P 500 futures up about 0.86%, and Nasdaq futures up around 1.05% [10][33] Mortgage Rates - The average rate for a 30-year fixed mortgage has decreased to around 6.13% to 6.35%, marking one of the lowest levels in nearly a year, although future declines are not guaranteed [2][14] - Shorter-term loans, such as the 15-year fixed mortgage, are hovering near 5.5% to 5.6%, with a surge in mortgage applications following the Fed's announcement, indicating pent-up demand [15][16] Treasury Yields and Gold - Bond markets reacted mixed to the Fed's 25-basis-point rate cut, with the 10-year Treasury yield rising to about 4.07%, reflecting investor caution about inflation risks [21][17] - Gold prices reached around $3,700 per ounce, briefly hitting an all-time high of approximately $3,704 per ounce after the Fed's rate cut, with a notable gain of over 10.5% in the past month [18][19] Company-Specific Movements - Nvidia shares fell about 1.6% due to concerns over an extended antitrust review by Chinese regulators, which may impact sales momentum in a key market [24] - Tesla stock surged more than 7% after CEO Elon Musk purchased over 2.5 million shares, signaling confidence amid challenges in deliveries and competition [26][27] - Apple shares gained roughly 1.1% driven by strong demand for the iPhone 17, with delivery times extending into late October [28][29] - Oracle stock rose nearly 4% amid optimism regarding its cloud computing growth and partnerships in AI infrastructure [30][31] - Microsoft maintained steady investor sentiment, benefiting from strong demand for AI-powered products, particularly through its Azure cloud platform [32]