Dow Jones futures retreat after reaching record highs

• Dow Jones futures lose some ground ahead of the US market open on Friday.
• US stock indices reached record highs on market optimism, driven by the Fed's signal of two more cuts this year.
• Tech stocks powered Thursday's rally, driven by Intel's 23% surge after Nvidia announced a $5 billion chip co-development investment.

Dow Jones futures lose 0.13%, with trading around 46,450 during European hours on Friday, ahead of the opening of the United States (US) regular session. Moreover, the S&P 500 futures decline 0.16% to remain below 6,700, while Nasdaq 100 futures fall 0.11% to trade near 24,650.

US index futures edge lower after reaching record highs on Thursday, supported by the Federal Reserve's (Fed) latest policy easing. Market optimism stemmed from the Fed's signal of two additional rate cuts this year.

However, the Fed signaled no rush to lower borrowing costs quickly in the coming months. Fed Chair Jerome Powell pointed to growing signs of weakness in the labor market to explain why officials decided it was time to cut rates after holding them steady since December amid concerns over tariff-driven inflation.

On Thursday's regular session, the Dow Jones advanced 0.27%, the S&P 500 rose 0.48% and the Nasdaq Composite added 0.94%. Tech stocks led the rally, with Intel surging over 23% after Nvidia unveiled a $5 billion investment to co-develop chips. Nvidia shares also advanced 3.5%.

On the economic front, US Weekly Initial Jobless Claims dropped to 231K for the week ending September 13, below expectations of 240K and down from the prior week's 264K (revised from 263K). The decline from a four-year high eased some concerns over labor market weakness.