S&P 500 futures steady as markets consolidate after running to record highs

by | Feb 27, 2024 | Stock Market

U.S. stock-index futures were little changed early Tuesday as traders eyed important economic data later in the week.How are stock-index futures trading
S&P 500 futures
ES00,
+0.09%
rose 2 points, or 0%, to 5082

Dow Jones Industrial Average futures
YM00,
+0.03%
added 1 point, or 0%, to 39117

Nasdaq-100 futures
NQ00,
+0.20%
gained 16 points, or 0.1%, to 17993

On Monday, the Dow Jones Industrial Average
DJIA
fell 62 points, or 0.16%, to 39069, the S&P 500
SPX
declined 19 points, or 0.38%, to 5070, and the Nasdaq Composite
COMP
dropped 21 points, or 0.13%, to 15976.

What’s driving markets Moves are meagre across index futures, with tentative trading extending into a second day after a rally that has left the S&P 500 up 11.4% over just the last three months. “U.S. markets paused for breath after a strong run powered by a largely successful earnings season and renewed excitement over the potential of AI, which has driven the main indices to hover around record highs,” said Richard Hunter, head of markets at Interactive Investor. The cautious tone also comes as investors eye economic data in coming sessions that may clarify the timing of Federal Reserve interest rate cuts. “The ongoing rates debate continues into the new week without significant resolution or ch …

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[mwai_chat context=”Let’s have a discussion about this article:nnU.S. stock-index futures were little changed early Tuesday as traders eyed important economic data later in the week.How are stock-index futures trading
S&P 500 futures
ES00,
+0.09%
rose 2 points, or 0%, to 5082

Dow Jones Industrial Average futures
YM00,
+0.03%
added 1 point, or 0%, to 39117

Nasdaq-100 futures
NQ00,
+0.20%
gained 16 points, or 0.1%, to 17993

On Monday, the Dow Jones Industrial Average
DJIA
fell 62 points, or 0.16%, to 39069, the S&P 500
SPX
declined 19 points, or 0.38%, to 5070, and the Nasdaq Composite
COMP
dropped 21 points, or 0.13%, to 15976.

What’s driving markets Moves are meagre across index futures, with tentative trading extending into a second day after a rally that has left the S&P 500 up 11.4% over just the last three months. “U.S. markets paused for breath after a strong run powered by a largely successful earnings season and renewed excitement over the potential of AI, which has driven the main indices to hover around record highs,” said Richard Hunter, head of markets at Interactive Investor. The cautious tone also comes as investors eye economic data in coming sessions that may clarify the timing of Federal Reserve interest rate cuts. “The ongoing rates debate continues into the new week without significant resolution or ch …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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