U.S. stock futures remained stable on Wednesday night, following a historic peak for the S&P 500 Index (SPX) earlier that day. The futures on the Dow Jones Industrial Average (DJIA) experienced a slight increase of 0.04% as of 9:53 p.m. EDT on October 8. Conversely, the Nasdaq 100 (NDX) and S&P 500 Index futures saw minor declines of 0.03% and 0.01%, respectively.
S&P 500 Reaches Record High
The S&P 500 achieved its eighth gain in nine sessions on Wednesday. Meanwhile, the Nasdaq Composite also performed well, rising over 1% and surpassing the 23,000 mark for the first time in history. However, the Dow Jones closed marginally lower, reflecting a mixed performance across the indices.
Economic Events on the Horizon
Looking ahead, no significant economic data releases are anticipated on Thursday due to the continuing government shutdown. However, traders are expected to focus on remarks from Federal Reserve Chair Jerome Powell at a community bank conference. Additional insights will be provided by speeches from Governors Michelle Bowman and Mary Daly later in the day.
Upcoming Earnings Reports
Market participants are also preparing for key earnings reports from major corporations, including:
- Delta Air Lines (DAL)
- PepsiCo (PEP)
These earnings will be released before the opening bell on Thursday, marking an essential event for investors looking to gauge corporate performance amid current market conditions.
