Markets Slipping From Record Highs Amid Rate-Cut Debate. Stock Futures Down Ahead of PPI Data.Stock Market News From Aug. 14, 2025: S&P 500 Ekes Out Record After Hot PPI ReportLast Updated:Updated 13 hours agoU.S. stock futures pointed to small losses early on Thursday following new index highs the previous day, with the market focusing on the possibility of a jumbo interest-rate cut in September.Dow Jones Industrial Average futures were down 30 points, or 0.1%. S&P 500 futures were falling 0.1% and Nasdaq 100 futures were also dropping 0.1%.The S&P 500 and Nasdaq Composite Index both reached record closing highs for a second consecutive day on Wednesday, after Treasury Secretary Scott Bessent said there was a good chance the Federal Reserve could slash rates by half a percentage point next month. That goes against the forecast of the market and most economists, who expect a quarter-point cut from the Fed.