U.S. Futures Rise on AI Earnings and Fed Cut Bets

U.S. equity futures climbed as investors bet on resilient growth, near-term Federal Reserve easing and strong AI-driven earnings. Weaker private payrolls (ADP) and other alternative data have reinforced expectations of a Fed rate cut, with traders pricing in another quarter-point move later this year. The federal government shutdown has delayed key releases (including nonfarm payrolls), forcing markets to rely on private indicators and PMI readings. Tech names led gains—including Micron, Palantir and AMD—while 10-year Treasury yields ticked up and the dollar strengthened; major U.S. indexes recently hit record closing highs despite the shutdown. European equities dipped amid French political turmoil, and Canadian futures and key commodities (gold, oil, copper) showed resilience.