Wall Street stocks are mixed as markets count on an interest rate cut from the Fed

"Futures for the S&P 500 were flat, while futures for the Dow Jones Industrial Average shed 0.2% and Nasdaq futures ticked up 0.1%. In equities trading, RH shares slid 7% after the company formerly known as Restoration Hardware missed sales and profit targets and lowered its full-year guidance due to the impacts of tariffs.Microsoft rose modestly after European Union regulators accepted the tech giant's proposed changes to its Teams platform, resolving a long-running antitrust investigation."

"The European Commission said in a statement Friday that Microsoft's final commitments to unbundle Teams from its Office software suite, including further tweaks following a market test in May and June, are enough to satisfy competition concerns.Microsoft shares rose 1% before the opening bell.Elsewhere, in Europe at midday, Germany's DAX edged down 0.3%, the CAC 40 in Paris fell 0.5% and Britain's FTSE 100 added nearly 0.3%"

Stock futures were mixed early Friday, with S&P 500 futures flat, Dow futures down 0.2% and Nasdaq futures up 0.1%, ahead of the Federal Reserve's interest rate decision next week. Markets anticipate a rate cut after mixed U.S. data, while the Fed has been hesitant to lower rates in 2025 due to concerns that President Donald Trump's tariffs could worsen inflation. Political pressure has led Trump to threaten firing Fed Chair Jerome Powell and to escalate attempts to remove Governor Lisa Cook, prompting an appeals-court filing and a federal judge's reinstatement of Cook. RH shares fell 7% after missing targets and cutting guidance, and Microsoft rose after the European Commission accepted Teams unbundling commitments; European indices were mixed.

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