U.S. stock futures higher, with S&P 500 eyeing fresh record and tech set to lead gains

by | Jan 19, 2024 | Stock Market

U.S. stock index futures were pointing higher on Friday, with the S&P 500 eyeing fresh highs and technology stocks seen in the driver’s seat. Consumer sentiment and housing data are due later.How are stock-index futures trading?
S&P 500 futures
ES00,
+0.42%
rose 15.25 points, or 0.3%, to 4,826

Dow Jones Industrial Average futures
YM00,
+0.19%
gained 45 points, or 0.1%, to 37,702

Nasdaq-100 futures
NQ00,
+0.77%
jumped 97.25 points, or 0.5%, to 17,206

On Thursday, the S&P 500
SPX
rose 41.73 points, or 0.9%, to end at 4,780.94, the Dow industrials
DJIA
rose 201.94 points, or 0.5%, to finish at 37,468.61, ending a three-day losing streak. Meanwhile, the Nasdaq Composite 
COMP
surged 200.03 points, or nearly 1.4%, to 15,055.65.

What’s driving markets The S&P 500 finished Thursday just 0.33% off its record close of 4796.56 reached Jan. 3, 2022, and futures action indicated the index could surpass that level on Friday. Tech stocks are expected to lend a hand, with enthusiasm for the sector set to continue on Friday. Better-than-expected forecast and results from chipmaking Taiwan Semiconductor Manufacturing Co.

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[mwai_chat context=”Let’s have a discussion about this article:nnU.S. stock index futures were pointing higher on Friday, with the S&P 500 eyeing fresh highs and technology stocks seen in the driver’s seat. Consumer sentiment and housing data are due later.How are stock-index futures trading?
S&P 500 futures
ES00,
+0.42%
rose 15.25 points, or 0.3%, to 4,826

Dow Jones Industrial Average futures
YM00,
+0.19%
gained 45 points, or 0.1%, to 37,702

Nasdaq-100 futures
NQ00,
+0.77%
jumped 97.25 points, or 0.5%, to 17,206

On Thursday, the S&P 500
SPX
rose 41.73 points, or 0.9%, to end at 4,780.94, the Dow industrials
DJIA
rose 201.94 points, or 0.5%, to finish at 37,468.61, ending a three-day losing streak. Meanwhile, the Nasdaq Composite 
COMP
surged 200.03 points, or nearly 1.4%, to 15,055.65.

What’s driving markets The S&P 500 finished Thursday just 0.33% off its record close of 4796.56 reached Jan. 3, 2022, and futures action indicated the index could surpass that level on Friday. Tech stocks are expected to lend a hand, with enthusiasm for the sector set to continue on Friday. Better-than-expected forecast and results from chipmaking Taiwan Semiconductor Manufacturing Co.
…nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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