How the latest Fed Cuts are effecting the markets

US stocks (^DJI, ^IXIC, ^GSPC) opened in negative territory, just one morning after the market rallied on the Federal Reserve's interest rate cut cycle and the S&P 500 and Dow Jones Industrial Average notched new record highs.

Takeaways

• Stock futures (ES=F, NQ=F, YM=F) are flat after the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) rallied and closed at new record highs in Thursday's session.
• Nike (NKE) CEO John Donahoe is stepping down to be replaced as president and chief executive by Elliott Hill.
• Apple's (AAPL) new iPhone 16 officially goes on sale at retailers and Apple Store locations.

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