U.S. stock futures on Friday inched higher, consolidating recent gains ahead of the expiration of key options contracts.
What’s happening
-
Dow Jones Industrial Average futures
YM00,
+0.20%
rose 75 points, or 0.2%, to 35094. -
S&P 500 futures
ES00,
+0.15%
gained 10 points, or 0.2%, to 4533. -
Nasdaq 100 futures
NQ00,
-0.03%
increased 13 points, or 0.1%, to 15910.
On Thursday, the Dow Jones Industrial Average
DJIA
fell 46 points, or 0.13%, to 34945, while the S&P 500
SPX
increased 5 points, or 0.12%, to 4508, and the Nasdaq Composite
COMP
gained 10 points, or 0.07%, to 14114.
The S&P 500 is up 2.1% this week, and the small-cap Russell 2000
RUT
has advanced 4%.
What’s driving market
The S&P 500 is only 2% away from its intraday high of the year, powered by optimism of a possible soft landing, as price growth — and economic activity — are cooling. Walmart’s
WMT,
CEO on Thursday said it’s possible the U.S. may be entering a…
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