Stock futures are little changed after S&P 500 ekes out winning day
A trader works at the New York Stock Exchange (NYSE), August 19, 2021.
Andrew Kelly | Reuters
Stock futures were little changed Thursday after a choppy regular trading session ended with the S&P 500 slightly in the green.
Futures on the S&P 500 were flat. Dow Jones Industrial Average futures added 20 points. Nasdaq 100 futures traded near the flatline.
The S&P 500 snapped a two-day losing streak in Thursday’s regular trading session while the Dow ended its third-straight day in red.
After volatile trading, the S&P 500 closed 0.1% higher. The Nasdaq Composite added 0.1%. The Dow bucked the trend and shed 66.57 points.
All three major stock indexes are on track to close the week lower. The S&P 500 and the Dow are on track to post their worst weekly performance since June, while the Nasdaq is set to see its worst week since May.
“Against a backdrop of thin liquidity as investors take summer vacations, minor stock market corrections are to be expected in a market that is pricing in peak earnings, extended price-to-earnings ratios and elevated economic growth expectations,” Richard Saperstein, chief investment officer at Treasury Partners, said.
The second quarter earnings season is largely in the rearview mirror, but a few companies are still on deck. Deere and Foot Locker are set to provide quarterly updates on Friday before the market opens.
—CNBC’s Pippa Stevens contributed reporting.
General Catalyst, Bessemer, Lightspeed expand start-up hunt to Europe
Klarna CEO Sebastian Siemiatkowski speaks at a technology and music conference in Stockholm, Sweden. Johan Jeppsson | Bloomberg via Getty…
U.S. says firms may meet chip data request amid Taiwan, South Korea concerns By Reuters
2/2 © Reuters. Visitors are seen at the Intel booth during the China Digital Entertainment Expo and Conference, also known…