U.S. stock futures were flat on Thursday night after the S&P 500 snapped a consecutive 4-day loss.
Dow Jones Industrial Average futures decreased by 22 points, 0.07%. S&P 500 decreased by 0.03% and Nasdaq 100 futures decreased by 0.11%.
Boeing shares decreased more than 2% in extended trading.
During the Thursday session, the S&P 500 increased by 0.53%. Dow Jones increased by 108.82 points which is 0.33%, and Nasdaq increased by 0.72%.
Even then, the most preferred averages saw a losing week. The S&P 500 decreased by 1.64%. Dow Jones decreased nearly 1.99% this week. Nasdaq decreased 1.67%, this is the second consecutive negative week.
“We’re still looking down the barrel of a gun that has not come to grips with what that consumer
May or may not have strength for the rest of the year, and what earnings are going to do for the rest of the year. And I think the equity market is being overly optimistic” SoFi’s Liz Young said.
On the economic front, investors are expecting the January data to be on a personal income.
Personal income is expected to increase by 1.2% last month, according to Dow Jones consensus.
Consumer spending is forecasted to increase by 1.4% in January from a decline of 0.2%.
Boeing shares decreased nearly 3% in extended trading.
Carvana shares increased by 1.7%.
Block the mobile payment stocks increased 6.5% after they reported revenue which is better than expected.
Warner Bros. Discovery shares decreased by 1% in extended trading.
U.S. stock futures changed a little on Thursday night after S&P 500 saw a four-day consecutive losing streak.
Dow Jones Industrial Average Futures decreased by 43 points, which is 0.13%. S&P 500 futures decreased by 0.12%, and Nasdaq 100 futures decreased by 0.19%.
- Published By Team Nation Press News