Stock futures are little changed as S&P 500 looks for second straight positive week

Stock futures are little changed as S&P 500 looks for second straight positive week


Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 21, 2022.

Brendan McDermid | Reuters

U.S. stock futures were little changed on Thursday evening after a bounce-back session on Wall Street.

Futures tied to the Dow Jones Industrial Average ticked up 11 points, or less than 0.1%. The S&P 500 futures were flat, while Nasdaq 100 futures dipped about 0.1%.

The move comes after a solid session for stocks on Wednesday in which the S&P rose 1.4%, the Nasdaq Composite gained 1.9% and the Dow added 349 points. Those gains largely erased losses from Tuesday.

With one trading session left in the week, the S&P 500 and Nasdaq are up 1.3% and 2.1%, respectively. Both are on track for their second-straight winning week. The Dow is down 0.1% week to date.

The S&P 500 is now up more than 8% from its recent lows earlier this month. The rebound has come despite no concrete signs of progress in the war in Ukraine and the fact that the Federal Reserve indicated last week that it expects several more rate hikes this year, making some Wall Street professionals skeptical of the rally.

“I think this is a market that has moved very far, very fast on this assumption that the Fed knows exactly what they’re doing and that they’re going to land the plan with perfection,” Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, said on “Closing Bell: Overtime.” “And I just don’t think that risk premiums are sufficient.”

Stock picks and investing trends from CNBC Pro:

On Friday, investors will get a new consumer sentiment reading from March as well as pending home sales data from February.

The war in Europe could also be key for markets. President Joe Biden said at a NATO summit in Brussels on Thursday that the U.S. would respond if Russia used chemical weapons in Ukraine.

-CNBC’s Christopher Hayes contributed to this report.



Source

Trump and Musk feud draws reactions from billionaires, politicians and pundits. Here’s who said what
World

Trump and Musk feud draws reactions from billionaires, politicians and pundits. Here’s who said what

U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Donald Trump and Elon Musk seemed inseparable not so long ago: attending events together, doing joint interviews and showering praises on each other. All that […]

Read More
Germany’s Merz says he agreed to boost cooperation with White House on trade issues
World

Germany’s Merz says he agreed to boost cooperation with White House on trade issues

U.S. President Donald Trump and German Chancellor Friedrich Merz hold a meeting in the Oval Office at the White House on June 05, 2025 in Washington, DC. Anna Moneymaker | Getty Images News | Getty Images Chancellor Friedrich Merz on Thursday said Germany, Europe’s largest economy, was ready to take over a greater leadership role on future trade agreements […]

Read More
CNBC Daily Open: Trump’s relationships can send markets roiling
World

CNBC Daily Open: Trump’s relationships can send markets roiling

US President Donald Trump and Tesla CEO Elon Musk speak to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC. Mandel Ngan | AFP | Getty Images Developments from the White House are growing more exciting and unpredictable than […]

Read More