Stock futures turn shortly after the S&P 500 hits the winning day

A trader works at the New York Stock Exchange (NYSE) on August 19, 2021.

Andrew Kelly | Reuters

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

S&P 500 futures were flat. Dow Jones industrial average futures added 20 points. Nasdaq 100 futures were trading near the flat line.

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 the red.

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

All three major stock indices are on track to end the week lower. The S&P 500 and the Dow are on track to post their worst weekly performance since June, while the Nasdaq is scheduled to see its worst week since May.

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

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

—CNBC’s Pippa Stevens contributed reporting.

Source link

Leave a Comment