US Stocks Set to Extend Record Highs on Prospect of Deeper Fed Rate Cuts
• US stock futures rise, Dow eyes third straight record high amid prospect of deeper, earlier rate cuts • Markets rally on Federal Reserve's dovish shift in tone signaling more rate cuts in 2024 • Some observers caution markets could be getting ahead of themselves as European central banks discourage easing • $5 trillion in US stock options set to expire Friday, potentially capping any pullbacks • Oil futures tick higher, on track for first weekly gain since October amid drop in dollar