Stock futures showed little movement on Friday as Wall Street aimed to close out a successful year and potentially reach a new milestone.
S&P 500 futures remained steady, while Dow Jones Industrial Average futures dipped slightly by 16 points. Nasdaq-100 futures experienced a marginal decline.
As the final trading day of 2023 approached, the S&P 500 sat less than 0.5% away from reaching a new all-time high. This achievement would emphasize the strength of the market’s rally, particularly in the latter months of the year.
For 2023, the S&P 500 has gained 24.6%, while the Dow has seen a rise of 13.8%. The Nasdaq Composite has been the frontrunner, boasting a remarkable 44.2% increase, on track for its largest annual gain since 2003.
Furthermore, the major stock indices are poised to secure their ninth consecutive weeks of growth. The S&P 500 is up by 0.6%, which would make it the longest stretch of weekly gains since 2004. The Dow and Nasdaq follow with gains of 0.9% and 0.7%, respectively, on track for their lengthiest weekly winning streaks since 2019.
Source (CNBC)
