Stock futures little changed after S&P 500 notches fourth-straight winning session: Live Update

U.S. stock futures were little changed Thursday evening as traders looked to cap off a sluggish September.

S&P 500 futures And Nasdaq 100 futures inched by less than 0.1%. The future is bound Dow Jones Industrial Average Only 26 points added.

During regular trading on Thursday, investors snapped up shares of big tech names, including Nvidialifting S&P 500 And Nasdaq Composite For the fourth day in a row. The broad market index is now down just 0.9% in September and about 1.3% from its record high. 30-stock Dao Thursday advanced roughly 0.6%, boosted by Salesforce and Microsoft

Wall Street now looks ahead to the Federal Reserve's policy meeting on September 17-18, where the central bank is expected to cut interest rates by as much as 25 basis points. Currently, the Fed's target range sits at 5.25% to 5.5%.

Economic data reflecting a moderation in inflation also appears to support a rate cut. The consumer price index came in at 2.5% on an annualized basis in August, the lowest level since February 2021. Meanwhile, wholesale prices rose 0.2% in August, in line with expectations.

“At the end of the day, the U.S. consumer and the economy are going to do well, [and] Profits continue to print above expectations,” Dan Greenhouse, chief strategist at Solus Alternative Asset Management, said on CNBC's “Closing Bell” Thursday.

“And so when we had a meaningful sell off driven by something called this AI, certainly, the rebound seems completely justified because these issues don't seem to be expanding,” he added.

All three major averages are on track to post weekly gains, with the S&P 500 jumping 3.5% and the Nasdaq on track with a 5.3% jump. The Dow is up 1.9% week to date.

On the economic front, traders will be eyeing August import price data on Friday morning. September's preliminary consumer sentiment figures are also scheduled for release.