Sandp futures analysts believe corporate buyback

Analysts believe corporate buyback programs are quietly underpinning the rally. ASML is a compelling stock, with a monopoly on some costly semiconductor equipment. A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2025. REUTERS/Jeenah Moon Purchase Licensing Rights , opens new tab Traders note S&P futures remain well above their 50-day moving average, reinforcing bullish short-term technicals. However, cautious positioning suggests awareness of possible Fed rate adjustments.