Following the S&P 500’s new record closing, stock futures saw minimal movement on Wednesday afternoon.
Futures linked to the Dow Jones Industrial Average increased by 0.04%, or 17 points. Futures for the S&P 500 and the Nasdaq-100 increased by 0.2% and 0.3%, respectively.
After setting new records for the Nasdaq Composite and S&P 500, Jerome Powell, the chair of the Federal Reserve, issued a warning that maintaining high interest rates for an extended period of time could impede economic expansion.
The Nasdaq increased by 0.14%, and the S&P 500 gained 0.07%. 52.82 points, or 0.13%, were removed from the 30-stock Dow.
Source (CNBC)
