Stock market today: US futures rise, Dow eyes 8th straight win as rate-cut hopes abound

U.S. stock markets experienced gains, with the Dow Jones Industrial Average eyeing its eighth consecutive day of increases amid hopes for an interest rate cut by the Federal Reserve. The Dow, S&P 500, and Nasdaq all opened higher, fueled by optimism after a report suggested a cooling labor market.

Investors are keenly awaiting insights from several Federal Reserve speakers scheduled for the day, which could provide further clarity on potential rate cuts. Meanwhile, TSMC reported a significant sales increase, boosting its shares due to strong AI demand and a recovery in consumer electronics.