Futures Stable After S&P Record High


Stock futures were little changed early Wednesday after a record-setting session for Wall Street.

Futures for the Dow Jones Industrials stepped back 60 points, or 0.1%, to 44,583

Futures for the S&P 500 dipped 3.5 points or 0.1%, to 6,143.75.

Futures for the tech-heavy NASDAQ improved 13.25 points, or 0.1%, to 22,246.

The S&P 500 on Tuesday climbed to an all-time high, even as concerns around sticky inflation and President Donald Trump’s trade policies persist.

Toll Brothers shares fell more than 5% in the premarket after the homebuilder reported fiscal first-quarter results that missed the mark.

The company earned $1.75 per share on revenue of $1.84 billion. Analysts polled by LSEG expected a profit of $2.04 per shar eon revenue of $1.91 billion.

On the data front, the January housing starts report is due at 8:30 a.m. ET. Investors will also look through the minutes from the latest Federal Reserve meeting, set for release at 2 p.m. ET. The Fed kept rates unchanged but expressed concern over the U.S. inflation outlook.

In Japan, the Nikkei 225 fell 0.3% Wednesday, while in Hong Kong, the Hang Seng retreated 0.1%.

Oil prices climbed 65 cents to $72.50 U.S. a barrel.

Gold prices advanced $3.50 to $2,952.60 U.S. an ounce.



Source link

About The Author

Scroll to Top