US stocks were on pace for record closes as Wall Street's attention turned from an upbeat day marked by renewed AI fervor to the next tranche of critical economic data.

Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The Federal Reserve meeting headlines the coming week.The stock market rally powered to record highs this past week.

The Federal Reserve's September meeting will conclude this Wednesday afternoon at 2 pm Eastern Standard Time with its latest policy announcement. According to CME FedWatch, futures traders are currently pricing in a 95% probability that the central bank will cut rates by a quarter-percentage point this time around.

Both the S&P 500 ETF ($SPY) and the Nasdaq 100 ETF ($QQQ) secured intraday all-time highs on Friday, although the former later finished the day

The S&P 500 and the Nasdaq climbed to record highs on Friday, lifted by Microsoft, as investors looked ahead to the Federal Reserve's policy meeting next week, when it is widely expected to cut interest rates to counter a slowdown in the jobs market.