Traders work on the New York Stock Exchange trading floor during early trading on January 22, 2025 in New York City.
Michael M. Santiago | Michael M. SantiagoGetty Images
Stock futures were little changed in early trading Thursday, with Wall Street on the verge of hitting new all-time highs.
Futures are S&P 500 Index fell by about 0.2%. Dow Jones Industrial Average Futures fell by 5 percentage points, or less than 0.1%, while Nasdaq 100 Futures It fell about 0.6%.
Futures were trading muted during Wednesday’s trading session. S&P 500 Index It hit an all-time intraday high on Wednesday. The broader market index closed up 0.61% that day, slightly lower than its historical closing high, rising for the third consecutive trading day.
this Nasdaq Index and Dow Chemical They also rose on Wednesday, rising 1.28% and 0.30% respectively. Both averages are not far from new highs.
Stocks were boosted by the possibility of tax cuts and deregulation under President Donald Trump, as well as signs of strong economic growth.
The fourth-quarter earnings season also got off to a strong start, Netflix shares rise more than 9% in Wednesday trading after reporting a quarterly blowout. Report from General Electric Aerospace and American Airlines It will be released before the market opens on Thursday.
“Forecast earnings expectations continue to hit new highs. There’s been a lot of talk about the election, post-election and the Fed, and whether the economy is growing too fast or too slow. One thing that’s been very resilient is forward earnings expectations,” Co-Chief Information Officer Truist CEO and chief market strategist Keith Lerner said on Wednesday’s “Ending bell: overtime”.
Investors will also get the latest economic data on Thursday. Initial jobless claims will be released before the market opens after the Kansas City Federal Reserve releases manufacturing data later in the day.
