Stock futures are little changed after S&P 500 posts longest win streak since November: Live updates

Stock futures are little changed after S&P 500 posts longest win streak since November: Live updates


Traders work on the floor of the New York Stock Exchange on Aug. 16, 2024.

Angela Weiss | AFP | Getty Images

U.S. stock futures were flat Monday night after the S&P 500 and the Nasdaq Composite notched their longest winning streaks of 2024. 

Dow Jones Industrial Average futures traded near the flatline. Futures tied to the S&P 500 inched up 0.02%, and Nasdaq 100 futures added 0.08%.

The action in extended trading follows another winning day for the major averages. The S&P 500 advanced nearly 1%, while the Nasdaq added 1.4%. Both indexes posted their eighth straight positive session, a first for the S&P 500 since November 2023. It was also the longest winning stretch for the Nasdaq since December 2023.

The major averages have bounced back amid a dramatic fall in market volatility from the start of the month. The CBOE Volatility Index is now at 14.7 after topping 65 on Aug. 5. Strong retail sales data and a soft inflation report issued last week helped soothe investors’ fears on the economy. 

This week, investors are readying themselves for the Federal Reserve’s annual Jackson Hole Economic Symposium, where Chair Jerome Powell is scheduled to give remarks Friday morning. Wall Street is looking for insights on how much the central bank will likely lower rates by at its September meeting.

The Fed wants to signal that “they are on top of the curve — not behind it. But at the same time, they don’t want to be too aggressive in removing the pressure before the fire is out,” said Sam Stovall, chief investment strategist at CFRA Research.

“The real question is not just the timing, but the magnitude” of rate cuts, Stovall added. Fed futures funds pricing indicates a 77.5% likelihood of central bank policymakers lowering rates by 25 basis points in September, per the CME Group FedWatch Tool.

The Fed will also release the minutes from its most recent meeting on Wednesday.



Source

The number of ‘tariff’ mentions soar past ‘AI’ on earnings calls as Trump’s trade fight alters outlook
World

The number of ‘tariff’ mentions soar past ‘AI’ on earnings calls as Trump’s trade fight alters outlook

Move over artificial intelligence. There’s a new hot topic on corporate earnings calls in 2025: tariffs. The word “tariffs” has come up on more than 350 earnings calls of S & P 500 -listed companies reporting first quarter results, according to a CNBC analysis of call transcripts compiled by AlphaSense. By contrast, the term “AI” […]

Read More
First Chinese freight ship goods hit with Trump’s 145%-plus tariffs arriving at U.S. ports
World

First Chinese freight ship goods hit with Trump’s 145%-plus tariffs arriving at U.S. ports

Container ships sit docked at the Port of Los Angeles on May 06, 2025 in San Pedro, California. Justin Sullivan | Getty Images News | Getty Images The first shipping containers carrying Chinese products that are subject to President Donald Trump’s 145% tariffs have begun arriving in U.S. ports. Seven ships carrying upward of 12,000 […]

Read More
This consumer products stock is rushing to leave China and Wall Street is betting it can pull it off
World

This consumer products stock is rushing to leave China and Wall Street is betting it can pull it off

Wall Street is optimistic SharkNinja will be able to move its sourcing completely out of China. The company, which manufactures appliances such as vacuums and the Ninja Creami ice cream maker, rallied nearly 13% on Thursday following a first-quarter earnings beat. SharkNinja raised its guidance for its fiscal-year earnings, revenue growth and adjusted EBITDA estimates. […]

Read More