Tuesday, September 10, 2024
HomeTrading RoomStock Futures Inch Higher after the S&P 500 Closes Above 5,300 for...

Stock Futures Inch Higher after the S&P 500 Closes Above 5,300 for the First Time

Stock futures rose slightly Thursday after a lower-than-expected inflation estimate spurred the major averages to new highs.

Futures contracts for the Dow Jones Industrial Average rose 20 points, or 0.1%. S&P 500 futures were barely above the flat line, while Nasdaq 100 futures rose 0.2%.

The three major averages closed at all-time highs on Wednesday, with the S&P 500 surpassing 5,300 for the first time.

That performance was aided by the April reading of the consumer price index, a broad measure of how much goods and services cost at the cash register, which rose 0.3% from the previous month.

That was slightly below than the Dow Jones forecast of 0.4%. Consumer prices increased 3.4% from a year ago.

Source (CNBC)

SourceCNBC
- Advertisment -

Most Popular

Recent Comments