Stock Market Today: Dow Jones, S&P 500 Futures Slip Day After Fed's Rate Cut—Oracle, Broadcom, Costco In Focus - SPDR S&P 500 (ARCA:SPY)

U.S. stock futures dropped on Thursday after Wednesday’s advances. Futures of major benchmark indices were lower.The Federal Reserve delivered a 25 basis points cut on Wednesday, bringing the rates down to 3.5%–3.75%, a third consecutive reduction that met expectations but exposed a widening policy divide within the central bank. Additionally, the central bank said that it will implement quantitative easing by resuming the purchase of shorter-maturity Treasury bills, approximately $40 billion per month. Mea ...