US stock futures edged higher on Thursday, with contracts tied to the three major indexes rising by nearly 0.4%, following a fresh record close for the Nasdaq 100 the previous day. The upward momentum was supported by growing expectations that the Fed may cut interest rates sooner than previously anticipated. The WSJ reported that President Trump is considering announcing his nominee for the next Fed Chair early, potentially installing a "shadow" chair who could push for a more dovish policy stance. Meanwhile, fresh economic data showed the US economy contracted more than anticipated in Q1 by an annualized 0.5% and the goods deficit unexpectedly widened due to lower exports. Also, initial claims came below forecasts while durable goods soared. On the corporate front, Nvidia was up nearly 1.3% in premarket trading. On the other hand, Apple was down 0.2% before the opening bell after a price target cut at JPMorgan Chase