Stock futures are flat after S&P 500, Nasdaq rally to new closing records: Live updates

Stock futures are flat after S&P 500, Nasdaq rally to new closing records: Live updates


Traders work on the floor of the New York Stock Exchange (NYSE) on July 07, 2025, in New York City.

Spencer Platt | Getty Images News | Getty Images

U.S. equity futures were little changed Thursday evening after investors continued piling into risk assets, sending the S&P 500 and Nasdaq Composite to new closing records.

Futures tied to the benchmark S&P 500 edged higher by 0.04%. Nasdaq 100 futures rose 0.08%. Dow Jones Industrial Average futures were also flat.  

In regular trading, the broad market S&P gained 0.27% to end the day at 6,280.46, while the tech-focused Nasdaq finished higher by 0.09% at 20,630.67. The Dow advanced 192 points, or 0.43%, closing at 44,650.64.

The moves came as investors shrugged off any worries around the latest trade developments, including a 50% U.S. tariff on imported copper that President Donald Trump announced Wednesday night, as well as a 50% tariff on Brazil.

Trump also told NBC News’ Kristen Welker late Thursday that letters could be sent to Canada and the European Union with the latest tariff proposals as soon as today.

The rally in stocks began Wednesday, after Nvidia briefly touched a $4 trillion market cap for first time, launching a rally in tech names. On Thursday, consumer discretionary was the top performing sector in the market.

The economy needs to continue to stay resilient, however, for the rally to be sustainable, warned Drew Pettit, Citi’s U.S. equity strategy director.

“Structurally, we’re not there yet. Fundamentally, I don’t think we’re there yet,” he told CNBC’s “Closing Bell Overtime” Thursday. “If you want these types of sectors to continue to outperform more than just a tactical trade, you’re going to need the macro data to hold in there and the Fed to cut rates. It’s not an either or, structurally, I think it’s both and we’re not quite there.”

The major averages are on pace to end the week little changed, with the Dow hovering just under the flat line on a weekly basis and the S&P and Nasdaq higher by less than 1%.

Investors are looking ahead to the Treasury Department’s monthly treasury statement at 2 p.m. ET Friday.



Source

This coming earnings season could decide if a stock market at record highs has more room to run
World

This coming earnings season could decide if a stock market at record highs has more room to run

The upcoming earnings season will show investors whether the bull case for equities still holds. The second quarter reporting season comes at a pivotal point for the stock market, with the S & P 500 and Nasdaq Composite trading at all-time highs this week even after an onslaught of bad news regarding higher tariffs, a […]

Read More
Some Walmart garment orders from Bangladesh on hold due to U.S. tariff threat: Reuters
World

Some Walmart garment orders from Bangladesh on hold due to U.S. tariff threat: Reuters

Shoppers at the Walmart Supercenter in Burbank during Walmart’s multi-week Annual Deals Shopping Event in Burbank Thursday, Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty Images Suppliers to Walmart have delayed or put on hold some orders from garment manufacturers in Bangladesh, according to three factory owners and correspondence from a […]

Read More
This ‘quiet luxury’ Italian brand is shaking off tariff woes as sales jump
World

This ‘quiet luxury’ Italian brand is shaking off tariff woes as sales jump

Key Points Brunello Cucinelli posted an estimate-beating 10.7% rise in first half sales as the super-rich shrug off tariff concerns. The retailer also pointed to a solid start to July and confirmed its outlook for around 10% sales growth in 2025 and 2026. Analysts, however, expressed doubt over broad-based growth for the beleaguered sector. Soaring […]

Read More