Stock futures were relatively flat on Friday, following a strong performance by the S&P 500 and the Nasdaq Composite, marking their best day since early 2023.
Futures tied to the Dow Jones Industrial Average inched up by 21 points, representing a 0.05% increase. S&P 500 futures remained stable, while Nasdaq 100 futures saw a slight decline of 0.13%.
In premarket trading, Block saw a significant surge of over 13% after surpassing Wall Street estimates for fourth-quarter revenue. Carvana experienced a notable increase of 32% as the used car retailer expressed optimism for retail unit growth in 2024.
During Thursday’s regular trading session, the market experienced a bullish rally fueled by Nvidia’s impressive performance. The chipmaker rose by 16%, buoyed by strong quarterly results.
The S&P 500 recorded a gain of 2.11%, marking its best day since January 2023, while the Nasdaq Composite saw a 2.96% increase, its strongest session since February 2023. The Nasdaq Composite is drawing closer to its closing record of 16,057.44, established in November 2021. The Dow Jones Industrial Average also achieved a record high, with a gain of 1.18%.
Source (CNBC)
