U.S. stock futures were mostly flat on Friday morning after the S&P 500 and Nasdaq Composite hit records in a postelection rally and investors weighed the Federal Reserve’s latest interest rate cut. S&P 500 futures ticked down less than 0.1%, while Nasdaq 100 futures were down 0.2%. Futures tied to the Dow Jones Industrial Average were marginally higher. During Thursday’s trading session, the broad market index gained 0.7% to close at a new record. The tech-heavy Nasdaq jumped 1.5% and ended the session above 19,000 for the first time. Meanwhile, the 30-stock Dow was marginally lower. The three major averages all hit intraday record highs during the session. The moves higher continue the market rally from Wednesday in the wake of President-elect Donald Trump’s victory, during which the Dow and S&P 500 rose to their best days since November 2022. Meanwhile, the Fed lowered interest rates by a quarter point, in-line with the market’s expectations. Fed Chair Jerome Powell noted he is “feeling good” about the economy during a press conference. However, “the path of Fed cuts is cloudier today than it was a week ago before the election,” said Scott Helfstein, head of investment strategy at Global X ETFs. Investors generally view a Republican-controlled government as more favorable on expectations for deregulation, the potential for more mergers and acquisitions and proposed tax cuts. However, concerns over the large federal deficit and increased tariffs have also sparked concerns of an uptick in inflation. “The market is signaling that a Trump administration would be good for growth and risk assets, but the combination of faster growth with new tariffs would be inflationary,” he added. “While the Fed feels the risks are balanced between stable prices and maximum employment, this could shift quickly increasing the risk to reaccelerating inflation.” The postelection surge put all three of the major averages are on pace for strong weekly gains, with the S&P 500 up about 4.3% and the Dow higher by nearly 4%. Both indexes are on track for their best week since November 2023. The Nasdaq is the outperformer of the three, toting a 5.6% advance through Thursday’s close. The 10-year Treasury yield fell for a second day Friday, set to finish the week lower even after a big pop triggered by Donald Trump’s presidential win. The benchmark 10-year rate dipped 3 basis points to 4.31% after falling about 11 basis points in the previous session. The yields is now lower than last Friday’s level of 4.37%. The 2-year Treasury yield traded slightly lower at 4.18%. Asia-Pacific markets were mixed Friday, after the U.S. Federal Reserve cut interest rates by 25 basis points and major U.S. indexes continued their postelection rally. Japan’s Nikkei 225 climbed 0.3% to 39,500, while the broad-based Topix inched down marginally to close at 2,742.15. South Korea’s Kospi slipped 0.14% and finished at 2,561.15, but the small-cap Kosdaq gained 1.34% to 743.38. Hong Kong’s Hang Seng index reversed gains to fall 0.95% as of its last hour of trade. Mainland China’s CSI 300 was down 1% to close at 4,104.05. Australia’s S&P/ASX 200 rose 0.84% to 8,295.1, marking a third straight day of gains. Oil prices fell on Friday on receding fears over the impact of Hurricane Rafael on oil and gas infrastructure in the U.S. Gulf while investors also weighed up fresh Chinese economic stimulus. Brent crude oil futures lost $1.07, or 1.41%, to $74.56 a barrel by 7:57 a.m. ET. U.S. West Texas Intermediate (WTI) crude was down $1.23, or 1.70%, at $71.13. The benchmarks have reversed Thursday’s gains of nearly 1%, but Brent and WTI are still on track to finish 2% up over the week, with investors also examining how U.S. President-elect Donald Trump’s policies might affect oil supply and demand. Gold prices eased on Friday but hovered around the $2,700 level, as traders assessed the impact of Donald Trump’s presidency and its implications for the U.S. interest rate outlook. Spot gold fell 0.4% to $2,697.19 per ounce as of 0251 GMT and was headed for a weekly loss. However, prices rose more than 1% in the last session, bouncing from over a 3-week low. U.S. gold futures were flat at $2,704.50, while the U.S. dollar index was set for a slight weekly gain after Trump’s election victory.