Stock market futures are flat after S&P 500 extends winning streak to six days: Live updates
Stock futures were little changed on Monday evening as Wall Street waits to see if last week's market rally can find new momentum.
S&P 500 futures dipped less than 0.1%. Nasdaq 100 futures were down 0.1%, while futures tied to the Dow Jones Industrial Average shed 15 points, or less than 0.1%.
The moves in futures follow a relatively calm trading session on Monday that saw the S&P 500 grind higher by 0.09% for its sixth straight positive session. The Dow gained about 137 points, or 0.32%, while the Nasdaq Composite ticked up just 0.02%.
While Monday's gains were marginal, they do add to what has been a rapid and sharp rebound for stocks over the past five weeks. The S&P 500 is now just 3% from its record high.
The gains despite continued uncertainty around the impact of tariffs on the economy and worries about a potential U.S. recession. Investors even shrugged off the downgrade of the U.S. government's credit by Moody's Ratings.
That backdrop has led to some skepticism about the rally, but Carson Group chief market strategist Ryan Detrick told CNBC that the rebound should be taken seriously.
"All these worries and concerns are real. We're not ignoring everything that's out there. But are we listening to what the market's doing, right? The previous 27 trading days, the S&P 500 is up close to 20%. … That's not a bear market rally. That's not a short-covering rally," Detrick said Monday on "Closing Bell: Overtime."
Earnings reports will provide some fodder for the debate about the U.S. economy on Tuesday. Home Depot is set to report its latest results in the morning, while homebuilder Toll Brothers will release its quarterly report after the market closes.
Traders will also keep an eye out for commentary about the Federal Reserve's interest rate policy, as several central bank officials are scheduled to speak on Tuesday, including St. Louis Fed President Alberto Musalem.
Stock market futures were calm when trading resumed at 6 p.m. in New York. S&P 500 futures were down less than 0.1%.
— Jesse Pound
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
USA Today
an hour ago
- USA Today
Not easy to become a 401(k) millionaire as balances dip in first quarter, Fidelity says
Not easy to become a 401(k) millionaire as balances dip in first quarter, Fidelity says Show Caption Hide Caption Understanding a 401k: How it works and why it's important What is a 401k plan? Key benefits and how to maximize your savings. Fidelity reported that 512,000 savers were 401(k)-created millionaires in the first quarter, down about 4.6% from 537,000 in the fourth quarter of 2025. Most individuals continued to contribute to their retirement savings and continued to invest in stocks. Only 0.9% of 401(k) participants stopped contributing at all to a 401(k) plan in the first quarter, according to Fidelity. Retirement savers have faced plenty of white knuckle days in 2025 where stock market conditions — and on-again, pause-again tariffs — put everyone's nerves on edge. Amazingly, no matter how awful things felt some days, many have not seen a double-digit fallout in their 401(k) savings in the first quarter, according to the latest data from Fidelity Investments. Average 401(k) retirement account balances fell 3% from late last year through the first three months this year to $127,100. Savers still saw a 1% gain in balances from the first quarter a year ago, according to Fidelity Investment data. Not as many 401(k) millionaires It wasn't as easy to become a millionaire during the first quarter's rough ride. Fidelity reported that 512,000 savers were 401(k)-created millionaires in the first quarter, down about 4.6% from 537,000 in the fourth quarter of 2024. These savers had at least $1 million in their retirement account. Fidelity saw a record number of 401k-created millionaires in the third quarter last year at 544,000 savers. Fidelity Investment's 401(k) data is based on 25,300 defined contribution plans at various companies across the country. The plans covered 24.4 million participants as of March 31. The on-again, off-again market panic What a difference a few months of economic uncertainty makes. We had a good, set-it-and-forget-it kind of a year in 2024. At the end of last year, retirement savers saw average 401(k) balances go up 11% from the start of the year, according to Fidelity's data. Even seeing a 3% decline in the first quarter this year could be unsettling for some savers, considering that 401(k) savers only saw a slight 0.5% dip on average from the third quarter through the fourth quarter last year. You would have to go back about two years to the third quarter of 2023 to see a drop of 4% in average retirement savings from the second quarter that year. So far, it has been one incredibly weird kind of a year with some miserable declines and some miraculous rebounds. Fortunately, many investors are no longer dealing with the 15% year-to-date decline that we saw as of April 8 for the Standard & Poor's 500 index. "If one 'took a nap' on Jan. 19 and didn't wake up until May 31, they would have conjectured that the markets had been relatively calm," said Robert Bilkie, CEO of Sigma Investment Counselors in Northville. The S&P 500 index was up 0.92% year to date through June 2 when the S&P 500 closed at 5,935.94 points. The total year-to-date return — including dividends — was 1.49% through the market close June 2. The total return was 25.02% in 2023 and up 26.29% in 2025. Most diversified common stock accounts held by savers are up modestly for the year, Bilkie noted. In case you missed it: Stocks have taken a beating. What should you do about your 401(k)? Pain worse for those investing in auto stocks, other companies The key word here is diversified. Some investors continue to face deep losses in 2025, particularly if they invested a large chunk of their money in one stock or industry. General Motors stock, for example, was down 10.47% year to date from its close of $53.27 a share on Dec. 31, 2024, through the June 2 close of $47.69 a share. Stellantis was down 25% from its close of $13.05 a share on Dec. 31 through its close on June 2 of $9.78 a share. Ford stock is up 0.8% from year-end 2024 when the stock price closed at $9.90 a share through June 2 when the stock closed at $9.98 a share. "The worst losses were centered around companies that were impacted by the uncertainty surrounding tariffs and trade war," said Sam Huszczo, a chartered financial analyst in Lathrup Village. "Think Tesla or Nike, who are very dependent on a confident consumer and relying extensively on international markets, manufacturing, and supply chains." Tesla stock was down 15% year-to-date through June 2; Nike was down 18.6% during that same time before dividends. This year, many investors also sold stock in some companies as they took profits from the high-flying stocks of 2024, like technology stocks, Huszczo said. "What goes up fast, also comes down fast. As the market darlings of last year turned into this year's cautionary tales." We continue to witness unpredictability, and a sense that things are different from economic shifts in the past. Wild swings made it hard to know what to do Unlike the 2008-09 meltdown, we've not seen stock prices just keep continuously falling so far this year. Instead, we've seen some ungodly volatility. We've had days where the Dow Jones Industrial Average lost 2,231.07 points or 5.5% on April 4 and suddenly gained 2,963 points or 7.87% on April 9. Huszczo said many individual investors who are saving for retirement or other reasons tended not to panic sell, and often bought into the dip. Some "charged into the dip like it was Black Friday." Lost retirement funds: $1.7 trillion sits in lost and forgotten 401(k) accounts. Is one of them yours? On 'Liberation Day' on April 2, Donald Trump put tariffs on every nation. On April 9, though, Trump paused his "Liberation Day" tariffs for 90 days until July 8 after Wall Street revolted over the widespread tariffs, which were expected to drive up prices and drive down economic growth in the United States. Now, the Trump administration wants countries to provide their best offer on trade negotiations by June 4, according to a Reuters report June 2. Michael Shamrell, Fidelity's vice president of thought leadership for workplace investing, said Fidelity recommends that maintaining a long-term plan is often the most appropriate strategy when investors face an uptick of volatility in the market, as has been the situation in 2025. "Factors like rapid policy changes, political uncertainty, and the impact of tariffs, along with the speed and magnitude of changes, contribute to a sense of heightened instability," the Fidelity report stated. Savers still want to continue to contribute at least enough in savings to 401(k) plans, Shamrell said, to receive their company's matching contributions. "It will not only put you in a good spot when markets recover but also allow you to continue to take advantage of any matching contributions your employer might offer," Shamrell said. Shamrell told me in a phone interview that it's encouraging that many people continued to stay on course in early 2025 and not make changes with their 401(k) savings — even with all the dramatic swings on Wall Street. The total 401(k) savings rate — adding both employee savings and employer contributions — increased to a record 14.3% in the first quarter, according to Fidelity data. The record-high 401(k) total savings rate, according to Fidelity, was driven by an unprecedented employee contribution rate of 9.5%, plus an employer match of 4.8% — the highest employer contribution rate recorded to date. At a 14.3% total retirement savings rate, Shamrell said, more people are moving closer to a recommended 401(k) savings rate of 15%. Fidelity recommends that employees aim to save at least 15% of their pretax income each year, including matching money from your employer, to help ensure that they have enough money in retirement to maintain their current lifestyle. Shamrell said the first quarter results likely benefited as some companies increased their 401(k) contributions into the plans based on profit-sharing arrangements. Beginning in 2025, the federal law called the Secure 2.0 Act also required companies with new 401(k) plans and 403(b) plans to automatically enroll eligible employees at a minimum contribution rate of 3%, but no more than 10%. The employee may opt out. Also under Secure 2.0, those enrolled in new 401(k) plans would automatically see their contributions out of their paychecks go up by 1% or so every year until they reached 10%. The employee could opt out or change the contribution rate. Both auto enrollment and auto escalation rules that began in 2025 apply to new plans established on or after Dec. 29, 2022. Employers are not required to offer 401(k) plans under Secure 2.0. Other retirement trends, according to Fidelity data: Most individuals continued to contribute to their retirement savings accounts and continued to invest in the stock market. Of the 6% individuals that made a change to their allocation, 28.2% of those participants moved some of their savings into more conservative investments. Only 0.9% of 401(k) participants stopped contributing at all to a 401(k) plan in the first quarter. More than 66% of 401(k) participants used a target date fund or managed account, which offers a mix of assets. Target date funds provide an asset mix that reflects an individual's age and their expected or targeted year of retirement. Managed accounts are more personalized and also consider an individual's goals and risk tolerance. Overall, 401(k) savers and investors have been resilient, according to Melissa Joy, president of Pearl Planning, a wealth adviser in Dexter. Many investors who maintained their overall allocation saw their portfolios start to return to positive territory by early May, she said. "We were seeing accounts just north of positive — up 2% to 4% at the end of the first quarter. Then, liberation day made everything topsy turvy in early April with deep but in many cases temporary drawdowns," she said. She acknowledged, though, that it is becoming difficult for some investors to separate their political outlook from their investment perspective. "But, all-in-all, our clients maintained their allocations and investment strategy through the volatility we've seen so far this year," Joy said. Uncertainty, of course, remains among the most popular words used by CEOs and other business leaders in 2025. We don't know what's next for Wall Street, trade talks, or the overall economy — and that isn't making it easy to save for retirement in 2025. Contact personal finance columnist Susan Tompor: stompor@ Follow her on X @tompor.
Yahoo
an hour ago
- Yahoo
Jim Cramer Says He 'Personally Would Not Own Altria (MO)'
We recently published a list of . In this article, we are going to take a look at where Altria Group, Inc. (NYSE:MO) stands against other stocks that Jim Cramer discusses. Answering a caller's query about Altria Group, Inc. (NYSE:MO), Cramer commented: 'Alright, but here's, okay, so I'm going to give you two answers to this because I've been trying to change my mind about some things…. I personally would not own Altria. Why? Because I don't like what they do. Is it a superior stock better than most? The answer is, as I was writing How to Make Money in Any Market, the answer is yes. So you've got two answers. It's up to you. I couldn't own it for my trust. I couldn't live with myself.' A close-up of an assembly line with a blend of tobacco products. Altria (NYSE:MO) produces and markets a range of tobacco and nicotine products, including cigarettes, cigars, smokeless tobacco, nicotine pouches, and e-vapor devices, sold under brands like Marlboro, Black & Mild, Copenhagen, and NJOY ACE. Andvari Associates stated the following regarding Altria Group, Inc. (NYSE:MO) in its Q1 2025 investor letter: 'Last year, Andvari made its first investments in tobacco companies with the purchase of Philip Morris International and Altria Group, Inc. (NYSE:MO). At the time of our purchase, Philip Morris and Altria had underperformed the S&P 500 over the prior 5- and 10-year periods. Both traded at low valuations and with high dividend yields. But thanks to following the industry o and on for 10+ years, and thanks to many discussions with long-time shareholders of the companies, Andvari felt the time was right to make the plunge. The timing could not have been much better for us as both companies have so far contributed positively to Andvari's recent overall performance. Overall, MO ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of MO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
an hour ago
- Yahoo
Should You Invest in Quantum Computing Stocks During the TACO Trade?
Both the S&P 500 and Nasdaq Composite indexes are flat on the year, but there have been some fleeting pockets to buy stocks at attractive valuations. Quantum computing stocks are emerging as a popular new area within the broader artificial intelligence (AI) opportunity. 10 stocks we like better than IonQ › It's been a hard year for investors so far. As of market close on June 5, the S&P 500 and Nasdaq Composite indexes each have breakeven returns on the year. While this makes it incredibly difficult to make money in the stock market, there have been some pockets during which investors made out well if they chose to engage with higher-than-usual volatility. By now, you may have come across a new acronym floating around financial circles called the "TACO" trade. Below, I'll detail what this means and why it's important. From there, I'll dig into one of the new, hot areas fueling the artificial intelligence (AI) narrative: quantum computing. Could quantum computing stocks be a good way to play the TACO trade? Read on to find out. Even though the S&P 500 and Nasdaq are both flat on the year, the image below illustrates that there have been some pronounced dips and sharp rises across both indexes throughout 2025. The catch is that these volatile movements have been incredibly fleeting. The term "TACO trade" is a cheeky acronym that stands for "Trump always chickens out." Basically, whenever the President voiced some tough rhetoric on his new tariff policies, the markets plummeted. However, when he subsequently eases some of the pressure on the tariff talking points, the markets roar again. In summary, the TACO trade is simply a new version of buying the dip when stock prices become abnormally depressed. Two of the most popular quantum computing stocks in the market right now are IonQ (NYSE: IONQ) and Rigetti Computing (NASDAQ: RGTI). During 2024, shares of IonQ soared by 237% while Rigetti stock climbed by a jaw-dropping 1,450% -- both of which completely dominated the broader market. This year has been a different story, though. As of closing bell on June 5, shares of IonQ and Rigetti Computing have plummeted by 12% and 28%, respectively. Given these declines, is now a good opportunity to buy quantum computing stocks? To answer that question, smart investors understand that valuation needs to be a consideration. Per the chart below, Rigetti Computing and IonQ boast price-to-sales (P/S) ratios that seem incongruent with the company's underlying fundamentals. Looked at another way, IonQ and Rigetti Computing have generated a combined revenue of roughly $50 million over the last 12 months -- all while posting a net loss of $460 million between the two businesses. Given the nominal sales figures and hemorrhaging losses, it's hard to justify the valuation multiples pictured above. While Rigetti and IonQ have each been on a monster run from a share price perspective, both of these companies appear to be riding high on a bullish quantum computing narrative. In other words, their trading levels are not rooted in the actual performance of the business but rather in a broader macro viewpoint that quantum computing could be a good opportunity in the long run. The big takeaway here is that even though shares of IonQ and Rigetti are down on the year, their respective valuations make it clear that neither of these companies is a good "buy the dip" candidate. Rather, even with their underperformance throughout the year, each stock remains overvalued. For these reasons, I would not chase any sell-offs in these quantum computing stocks as the TACO trade continues to evolve. My suspicion is that both IonQ and Rigetti will experience some continued valuation compression, and their share prices could very well keep spiraling downward. Before you buy stock in IonQ, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and IonQ wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Adam Spatacco has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Should You Invest in Quantum Computing Stocks During the TACO Trade? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
