logo
S&P 500 futures are little changed as benchmark closes in on all-time high: Live updates

S&P 500 futures are little changed as benchmark closes in on all-time high: Live updates

CNBC11 hours ago

Traders work at the New York Stock Exchange on June 23, 2025.
NYSE
S&P 500 futures sat near flat Thursday night with investors on all-time high watch and awaiting inflation data.
Futures tied to the broad index traded around their flatline, as did Nasdaq 100 futures . Dow Jones Industrial Average futures added 33 points, or 0.1%.
Thursday night's action comes as traders wait to see if the S&P 500 can rise to new records. The broad index climbed 0.8% to finish the trading day at 6,141.02, bringing it only a few points away from the intraday all-time high of 6,147.43 reached in February.
The Nasdaq Composite jumped nearly 1%, also coming within striking distance of a fresh record. The Dow popped about 0.9%.
"The markets were in a sense of stasis," said Rick Rieder, BlackRock's chief investment officer for global fixed income, on CNBC's "Closing Bell." "There is so much money that wants to come into the market that didn't for a while. And I just think if you don't have any negative news, the natural gravitational pull is across all these assets."
Those gains have pushed the Dow and S&P 500 up more than 2% this week. The Nasdaq has jumped more than 3%.
Investors will watch Friday for data from the May reading of personal consumption expenditures price index due in the morning. Economists polled by Dow Jones expect the index to tick 0.1% higher on the month and 2.3% from a year ago. So-called core PCE is slated to rise 0.1% from April and 2.6% from 12 months earlier.
Beyond the inflation reading, traders will also monitor data on personal income, consumer spending and consumer sentiment.
Futures tied to the Dow, S&P 500 and Nasdaq 100 all sat near flat shortly after 6 p.m. ET.
— Alex Harring

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Brazier: Stock-Bond Correlation Now 'Much Less Reliable'
Brazier: Stock-Bond Correlation Now 'Much Less Reliable'

Bloomberg

time36 minutes ago

  • Bloomberg

Brazier: Stock-Bond Correlation Now 'Much Less Reliable'

Alex Brazier, investment and portfolio solutions global head at BlackRock, discusses portfolio diversification. "The stock-bond correlation now is much less reliable than it used to be," Brazier tells Bloomberg's Francine Lacqua. "Portfolios are shifting both from sort of 60/40 to be more 50/30/20 as you get more private markets and the investable universe expands," he adds. "Within the public market sleeve, people looking much more now at strategies that are market-neutral." (Source: Bloomberg)

IndusInd Bank shares rise nearly 4% today after reports claim Rajiv Anand as strong CEO contender
IndusInd Bank shares rise nearly 4% today after reports claim Rajiv Anand as strong CEO contender

Business Upturn

timean hour ago

  • Business Upturn

IndusInd Bank shares rise nearly 4% today after reports claim Rajiv Anand as strong CEO contender

By Aditya Bhagchandani Published on June 27, 2025, 11:52 IST Shares of IndusInd Bank surged nearly 4% during Friday's session after CNBC-TV18 reported that Rajiv Anand of Axis Bank has emerged as a strong contender for the CEO position at IndusInd Bank. The stock climbed 3.69% to trade at Rs 866.95 as of 11:51 AM, marking a gain of Rs 30.85 from the previous close of Rs 836.10. According to CNBC-TV18, IndusInd Bank's board is considering multiple candidates for the top role, including Rajiv Anand, who is currently serving as Deputy Managing Director at Axis Bank and is set to retire in August. Other names reportedly under consideration include Rahul Shukla of HDFC Bank and Anup Saha of Bajaj Finance. The Reserve Bank of India has asked IndusInd Bank to submit its final list of CEO candidates by June 30, 2025. The bank's board has discussed names unofficially with the RBI but is yet to submit an official list. In Friday's trade, IndusInd Bank touched an intraday high of Rs 866.55 and a low of Rs 831.50. The company's current market capitalization stands at Rs 67,255 crore, with a P/E ratio of 26.22 and an average daily trading volume of 8.57 million shares. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

U.S. Futures Rise, Dollar Recovers Slightly on Trade Optimism
U.S. Futures Rise, Dollar Recovers Slightly on Trade Optimism

Wall Street Journal

timean hour ago

  • Wall Street Journal

U.S. Futures Rise, Dollar Recovers Slightly on Trade Optimism

U.S. stock futures pointed to a higher open Friday after gains on Wall Street on Thursday with the S&P 500 and Nasdaq Composite closing just shy of record highs. The dollar recovered a touch on trade-deal optimism, while Treasury yields were little moved overnight. The final June University of Michigan consumer confidence survey lands later. –U.S. futures for the S&P 500, Dow Jones Industrial Average and Nasdaq were all up around 0.3% early in Europe.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store