Traders work on the floor of the New York Stock Exchange on Dec. 11, 2025, in New York City.<\/p>\n
Spencer Platt | Getty Images<\/p>\n
Futures tied to Dow Jones Industrial Average<\/a> were higher Thursday night after strong gains in value areas of the market pushed both the 30-stock index and the S&P 500<\/a>\u00a0to fresh records. <\/p>\n Dow futures added 56 points, or 0.1%. S&P futures hovered below the flatline, while Nasdaq 100 futures fell about 0.2%.<\/p>\n Chipmaker Broadcom<\/a> fell nearly 5% in extended trading even after it beat fourth-quarter expectations<\/a> and gave a strong forecast for the current quarter, saying AI chip sales look to double. Lululemon<\/a> shares jumped 10% after the athletic apparel retailer announced that its CEO will step down<\/a> at the end of January, following poor performance for the company over the past year. <\/p>\n Investors on Thursday poured into cyclical stocks that are considered more sensitive to the economy, while taking profits in growth-oriented names tied to the artificial intelligence trade. The move comes after the Federal Reserve on Wednesday cut interest rates for the third time this year. <\/p>\n The 30-stock Dow and S&P 500\u00a0closed at record levels in the previous session, while the Nasdaq Composite<\/a>\u00a0ended the day 0.3% lower as high-flying tech stocks such as Alphabet<\/a> and Nvidia<\/a> dropped. The Dow, which climbed 646 points, or 1.3%, was lifted by a 6% rise in Visa and solid gains in Nike<\/a> and UnitedHealth Group<\/a>. <\/p>\n “The Dow had a great day and, if the trend continues, it could be the beginning of the broadening-out trade,” said Chris Zaccarelli, chief investment officer at Northlight Asset Management. “The key to the bull market continuing is the rest of the market (the so called 493) rising even without the help of the Magnificent 7 \u2014 and if the baton can be passed and the rally can broaden out then we wouldn’t be surprised to see a rally into year end and into the beginning of next year.”<\/p>\n