Stock futures are little changed after S&P 500 ekes out winning day

Facebook
Twitter
Pinterest
WhatsApp


Stock futures were little changed Thursday after a choppy regular trading session ended with the S&P 500 slightly in the green.

Futures on the S&P 500 were just under the flatline. Dow Jones Industrial Average futures shed 3 points. Nasdaq 100 futures traded at the flatline.

The S&P 500 snapped a two-day losing streak in Thursday’s regular trading session while the Dow ended its third-straight day in red.

After volatile trading, the S&P 500 closed 0.1% higher. The Nasdaq Composite added 0.1%. The Dow bucked the trend and shed 66.57 points.

All three major stock indexes are on track to close the week lower. The S&P 500 and the Dow are both on track to post their worst weekly performances since June, while the Nasdaq is set to see its worst week since May.

“Against a backdrop of thin liquidity as investors take summer vacations, minor stock market corrections are to be expected in a market that is pricing in peak earnings, extended price-to-earnings ratios and elevated economic growth expectations,” Richard Saperstein, chief investment officer at Treasury Partners, said.

The second quarter earnings season is largely in the rearview mirror, but a few companies are still on deck. Deere and Foot Locker are set to provide quarterly updates on Friday before the market opens.

—CNBC’s Pippa Stevens contributed reporting.



Source link

Facebook
Twitter
Pinterest
WhatsApp
news editor logo
NEWS EDITOR
Breaking News Exchange is mainly to inform the public about events that are around them and may affect them. Often news is for entertainment purposes too; to provide a distraction of information about other places people are unable to get to or have little influence over. News can make people feel connected too.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

568FansLike
607FollowersFollow
149SubscribersSubscribe
- Advertisement -

Latest Articles