S&P Futures Bumps Higher After Biggest Day Since November
S&P 500 futures rose Thursday after the benchmark posted its best day since November, on the back of a tame inflation report and blowout bank results. Traders are also looking ahead to more big bank earnings. Futures for the Dow Jones Industrials dropped 138 points, or 0.3%, to 43,328. Futures for the S&P 500 Index nicked higher 0.25 points to 5,989.25. Futures for the tech-heavy NASDAQ gained 29.25 points, or 0.1%, to 21,429.50. On Wednesday, the 30-stock Dow surged more than 700 points, or 1.65%, while the S&P 500 rallied 1.83%. The NASDAQ Composite outperformed, advancing 2.45%. A moderate improvement in core inflation in December’s consumer price index and strong earnings from big banks spurred a risk-on rally. Morgan Stanley and Bank of America are set to report earnings Thursday, wrapping up reports from the big banks. Elsewhere, Scott Bessent, President-elect Donald Trump’s pick for Treasury Secretary, will sit down before the U.S. Senate Committee on Finance Thursday morning, a hearing investors will parse for clues into tariffs and other policies from the incoming administration. In Japan, the Nikkei 225 index moved up 0.3%, while in Hong Kong, the Hang Seng index strengthened 1.2%. Oil prices slid 34 cents to $79.70 U.S. a barrel. Gold prices hiked $17.60 to $2,735.40 U.S. an ounce.
S&P 500 futures rose Thursday after the benchmark posted its best day since November, on the back of a tame inflation report and blowout bank results. Traders are also looking ahead to more big bank earnings.
Futures for the Dow Jones Industrials dropped 138 points, or 0.3%, to 43,328.
Futures for the S&P 500 Index nicked higher 0.25 points to 5,989.25.
Futures for the tech-heavy NASDAQ gained 29.25 points, or 0.1%, to 21,429.50.
On Wednesday, the 30-stock Dow surged more than 700 points, or 1.65%, while the S&P 500 rallied 1.83%. The NASDAQ Composite outperformed, advancing 2.45%. A moderate improvement in core inflation in December’s consumer price index and strong earnings from big banks spurred a risk-on rally.
Morgan Stanley and Bank of America are set to report earnings Thursday, wrapping up reports from the big banks.
Elsewhere, Scott Bessent, President-elect Donald Trump’s pick for Treasury Secretary, will sit down before the U.S. Senate Committee on Finance Thursday morning, a hearing investors will parse for clues into tariffs and other policies from the incoming administration.
In Japan, the Nikkei 225 index moved up 0.3%, while in Hong Kong, the Hang Seng index strengthened 1.2%.
Oil prices slid 34 cents to $79.70 U.S. a barrel.
Gold prices hiked $17.60 to $2,735.40 U.S. an ounce.
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