After the S&P 500 narrowly achieved its longest streak of gains in two years, Wall Street stock futures were mostly unchanged on Thursday. The Dow Jones Industrial Average futures added about 0.1%, while Nasdaq 100 futures fell about 0.1%. Investors are looking to Federal Reserve policymakers for clear signals on interest rate strategy, seeking guidance after receiving a series of mixed messages from central bankers in recent days. Federal Reserve Chair Jerome Powell stayed quiet on monetary policy at his Wednesday appearance, prompting the market to await his later speech with bated breath for any clues to a potential rate cut. As earnings season winds down, corporate reports from Disney and Arm are anticipated on the horizon. Disney shares rose after hours on the heels of an earnings beat, while Arm shares slid as investors digested its first post-IPO results, along with the $6.2 billion quarterly reported loss by its backer, SoftBank.
As the market anticipates Fed Chair Jerome Powell’s forthcoming comments — his second appearance this week — stock futures are broadly unaffected on Thursday. The Dow Jones Industrial Average futures added 0.1%, whereas the Nasdaq 100 futures dropped 0.1%. Investors are seeking clarity on the Fed’s interest rate strategy after receiving conflicting messages from central bank officials. The market was once convinced the Fed was done with hikes, however, this belief has been shaken by the recent mixed signals. As corporate reporting winds down, Disney shares drove upward after hours following an earnings beat, while Arm shares sank amid its first post-IPO results, alongside SoftBank’s reported quarterly loss of $6.2 billion. The S&P 500 achieved its longest streak of gains in two years on Wednesday. The Dow Jones Industrial Average futures added about 0.1%, and Nasdaq 100 futures fell around 0.1% following these wins.
Wall Street stock futures are broadly unchanged on Thursday, a day after the S&P 500 achieved its longest streak of gains in two years. The Dow Jones Industrial Average futures added about 0.1%, while Nasdaq 100 futures fell roughly 0.1%. Investors are eagerly awaiting Federal Reserve Chair Jerome Powell’s forthcoming speech for clues to potential interest rate strategy, after receiving mixed signals from central bank officials. As earnings season winds down, corporate reports from Disney and Arm are anticipated. Disney shares rose after hours on news of an earnings beat, while Arm shares slid following its first post-IPO results, adjacent to the $6.2 billion quarterly loss reported by SoftBank, their backer. Adding further uncertainty and indecision to the market was oil prices, which plummeted to a three-month low on concerns about global consumption. However, the commodity managed to recover some losses to trade at around $76 and almost $80 a barrel.
