Stock futures rose to start the week that includes the Federal Reserve’s interest rate decision; The S&P 500 is on the verge of recording

Stock futures rose slightly on Monday to start a week highlighted by the Federal Reserve’s decision to cut interest rates, with major stock indexes approaching all-time records.

Futures tied to the tech-heavy Nasdaq index and the S&P 500 rose 0.2% and 0.1%, respectively, while contracts tied to the blue-chip Dow Jones Industrial Average were roughly flat.

The three major stock indexes rose for consecutive weeks, with the S&P 500, Dow and Nasdaq entering Monday up 0.3%, 0.6% and 1.6%, respectively, from their record closing highs.

On Friday, a weak inflation report reinforced expectations that the Federal Reserve will cut interest rates this week. Investors expect officials to cut interest rates by a quarter of a percentage point on Wednesday, with CME Group’s FedWatch tool indicating that financial markets expect an 87% probability that the central bank will cut its key interest rate to a range of 3.5% to 3.75%.

The 10-year Treasury yield, which affects interest rates on a variety of business and consumer loans, was about 4.16%, up from 4.14% at Friday’s close. Gold futures fell 0.2% to $4,235 an ounce, while West Texas Intermediate crude futures, the US crude oil benchmark, fell 1% to $59.50 a barrel.

Bitcoin traded at around $92,100, up from overnight lows above $89,000. There was little change in the US dollar index, which measures the value of the US currency against a basket of foreign currencies, at 98.97.

In corporate news, Netflix (NFLX) and Paramount Skydance (PSKY) shares rose 1.5% and 2.5%, respectively, and Warner Bros. shares fell 1.5% and 2.5%, respectively. Discovery (WBD) rose 1.5% after President Donald Trump said Sunday that Netflix’s $83 billion deal to buy WBD in which it beat out Paramount to buy the popular movie studio and streaming service operator HBO Max “could be a problem.” On Friday, Netflix stock fell nearly 3% and Paramount Skydance stock fell nearly 10%, while WBD stock jumped 6% on news of the deal.

Shares of Confluent (CFLT) rose nearly 30% after a report in… The Wall Street Journal IBM (IBM) is in advanced talks to buy the data infrastructure company for approximately $11 billion.

Also, shares of Carvana (CVNA), CRH (CRH), and Comfort Systems USA (FIX) rose 9%, 7%, and 2%, respectively, following news late Friday that the shares would be added to the S&P 500 on December 22 as part of the benchmark index’s quarterly rebalancing.