As investors anticipate that the benchmark will surpass its most recent record high, S&P 500 futures increased on Thursday morning.
Nasdaq 100 futures increased by 0.5%, while futures linked to the broad market index climbed 0.35%. Futures for the Dow Jones Industrial Average increased by 10 points.
After the S&P 500 and the Nasdaq Composite set new records on Tuesday, stocks are expected to have a positive week. In honor of Juneteenth, the stock market was closed on Wednesday.
The chipmaker and darling of artificial intelligence, Nvidia, led the drive upward, surpassing Microsoft to become the world’s most valuable business. Nvidia’s stock has increased 174% in 2024 as the AI boom keeps driving up stock prices. The stock had an additional 2.9% gain on Thursday.
Source (CNBC)
