U.S. stocks performed strongly in pre-market trading on September 29, 2025, with most major tech stocks rising, and the Nasdaq 100 futures rising over 0.5% at one point.

Most of the "Seven Sisters" of tech stocks are rising. As of the time of writing, Tesla and Nvidia have risen over 1%, Arm, Meta, Amazon, and Google have risen nearly 1%, and Microsoft has risen 0.4%; Netflix has fallen over 1%.

The Federal Reserve just completed a 25 basis point rate cut in September, lowering the federal funds rate to a range of 4%-4.25%. However, there are significant divisions within the Fed regarding the future rate cut path: some officials believe that further rate cuts are necessary to support the economy, while others are concerned about inflation risks and advocate for pausing rate cuts.