U.S. equity futures traded near flatline Wednesday evening after the Dow Jones Industrial Average closed at a record high. The index rose 263.24 points, or 0.49%, marking its fifth consecutive positive day. Nvidia rallied more than 3% after Elon Musk said on SpaceX’s earnings call that the company would use Nvidia chips exclusively for its AI infrastructure. Federal Reserve Governor Lisa Cook said she is prepared to raise interest rates unless signs of continued disinflation emerge. Earnings from Warner Bros. Discovery, Airbnb and Lyft are due Thursday.
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