U.S. stock index futures slipped on Thursday as optimism around an end to the Federal Reserve’s interest rate hikes waned and a drop in shares of Cisco following a dour forecast further weighed on sentiment. Wall Street’s main indexes have rallied this week as evidence of cooling inflation in the world’s largest economy fueled hopes the Fed was most likely done hiking interest rates. In an action-packed week, which saw the tech-heavy Nasdaq (.IXIC) hit an over three-month high, markets also took comfort from the U.S. Senate’s passage of a stopgap spending bill to avert a government shutdown. However, uncertainty around when the central […]
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