India, March 1 -- The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after ending the previous session mostly higher.
Traders may take a step back to assess the near-term outlook for the markets after yesterday's gains lifted the Nasdaq and S&P 500 to new record closing highs.
While yesterday's in-line inflation data added to optimism about the Federal Reserve eventually cutting interest rates, the timing of the first rate cut remains uncertain.
A rate cut later this month has largely been ruled out, but CME Group's FedWatch Tool is currently indicating a 21.7 percent chance of a quarter point rate cut in May and a 67.6 percent chance of a rate cut by June....