Traders work on the floor of the New York Stock Exchange.
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U.S. stock futures were little changed early Thursday after both days of trading. S&P500 and Nasdaq Composite A new record was set during the regular session.
S&P500 futures Although it increased by 0.15%, Nasdaq 100 futures Added 0.29%. Futures linked to the Dow Jones Industrial Average It rose by 48 points (0.1%).
In regular trading, the S&P 500 and the tech-heavy Nasdaq hit record highs and closed at new records. The overall market index rose 0.80%, and the Nasdaq Composite Index rose 1.59%, marking the 11th consecutive increase. Excellent company Dow It bucked this trend and fell by 72.27 points (0.15%).
Stocks have been rising in recent days on the possibility of a peace deal between the US and Iran. President Donald Trump said in a Fox Business interview aired Wednesday that the Iran war is “very close to ending” and reiterated that Tehran wants a “very bad deal.”
A White House official told CNBC on Tuesday that a second round of negotiations is under discussion between Washington and Iran. The official, who requested anonymity to discuss internal plans, said nothing was formally planned yet.
On Monday, the S&P 500 wiped out all its losses since the start of the Iran war.
“We’re basically back to where we were in late February in terms of sentiment indicators and valuations,” Tim Hayes, chief global investment strategist at Ned Davis Research, said Wednesday on CNBC’s “Closing Bell: Overtime.” “If we’re going to keep going up, I think we need to expand here beyond just the Nasdaq.”
But Hayes struck a cautious tone, saying investors may be jumping on market gains too quickly.
“I’m going to be a little more cautious now. I don’t think now is the time to jump in again,” he added. “Many of these stocks have seen a rapid comeback, but will it continue? Will it expand? That remains to be seen.”
pepsico, traveler, US Bancorp, Abbott Laboratories and charles schwab Several companies are scheduled to report earnings before the opening bell on Thursday. Traders will also be watching the weekly number of new jobless claims, March capacity utilization and industrial production data.
