Tech Surge and Fed Optimism Propel Markets to New Highs

U.S. stock futures remained mostly unchanged after the S&P 500 and Nasdaq reached new closing highs. The Dow Jones fell slightly, while American Eagle's stock dropped over 13% due to a weak holiday forecast. Conversely, Five Below surged 14% following a strong earnings report. Investors are awaiting key economic data, including jobless claims and nonfarm payrolls. Federal Reserve Chair Jerome Powell indicated a cautious approach to rate cuts, with a 78% chance of a rate trim in December. More earnings reports are expected from major retailers.