Futures Little Changed After Benchmark Hits Record
Stock futures moved higher on Friday, a day after the S&P 500 posted a record close, as traders digested more earnings. The major U.S. stock benchmarks were also on track to post weekly gains.
Futures for the Dow Jones Industrials gained 43 points, or 0.1%, to 44,761
Futures for the much broader index poked up four points, or 0.1%, to 6,344.50.
Futures for the NASDAQ gained 19.75 points, or 0.1%, to 23,270.75.
3M shares rose more than 2% on the back of a second-quarter earnings beat. Netflix fell more than 1% in extended trading following its latest quarterly results. The company posted an earnings and revenue beat for the second quarter and raised its full-year revenue forecast.
The moves come after Wall Street saw a winning day. The S&P 500 finished 0.5% higher, closing at a new record after hitting an all-time high during the session. The NASDAQ Composite gained about 0.7%, also reaching fresh intraday and closing records. The Dow climbed 0.5%.
Wall Street is on pace for a positive week, bolstered by optimism surrounding the latest earnings results. On Thursday, PepsiCo and United Airlines shares both popped after the respective companies beat analyst estimates on earnings. Those follow solid results from big banks like JPMorgan and Goldman Sachs earlier in the week.
The S&P 500 is up 0.6% for the week through Thursday’s close and the 30-stock Dow on track for a 0.3% advance. The NASDAQ is the outperformer, heading for a 1.5% gain.
In Japan, the Nikkei 225 index inched higher 0.2% Friday, while in Hong Kong, the Hang Seng popped 1.3%
Oil prices took on 83 cents to $68.37 U.S. a barrel.
Gold prices brightened $15.50 to $3,360.80 U.S. an ounce.
