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S&P Futures Slip Following All-Time Peak

Posted on January 23, 2025 By Kotop No Comments on S&P Futures Slip Following All-Time Peak

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S&P 500 futures ticked lower early Thursday as Wall Street wondered if record highs were once again in the cards.

Futures for the Dow Jones Industrials forged ahead 19 points to 44,372.

Futures for the S&P 500 Index slid 9.75 points, or 0.2%, to 6,110.75.

Futures for the tech-heavy NASDAQ were plastered 114.75 points, or 0.5%, to 21,885.75.

The stock market is getting a boost from excitement about potential tax cuts and deregulation under President Donald Trump, as well as signs of resilient economic growth.

The fourth-quarter earnings season is also off to a strong start, with Netflix climbing more than 9% in Wednesday’s trading after reporting a blowout quarter.

Investors will also get updated readings on the economy Thursday. Initial jobless claims are due out before the opening bell, followed Kansas City Fed manufacturing data later in the day.

In Japan, the Nikkei 225 index climbed 0.8% Thursday, while in Hong Kong, the Hang Seng index lost 0.4%.

Oil prices edged up 15 cents to $75.59 U.S. a barrel.

Gold prices dulled $23.70 to $2,747.20 U.S. an ounce.

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