TSLA - Nasdaq S&P 500 Futures Flat Ahead Of Jobs Services Sector Data; Tesla Rises: Analyst Sees Further Gains For US Stocks | Benzinga
Trading in the index futures reflects cautious optimism among traders following the market’s record run. Wednesday’s session is abbreviated, with the stock market closing at 1 p.m. EDT, owing to the Independence Day holiday on Thursday. Volume could be anemic, which is typical of a pre-holiday session. That said, traders are left to contend with some key first-tier economic data, including ones on the labor market and the services sector.
The Federal Reserve’s June meeting minutes will drop in only after the market closes. Tesla, Inc. (NASDAQ:TSLA) could lend support to the tech indices as the stock appears on track to extend its winning streak.
Futures Performance (+/-)
Nasdaq 100 +0.05%
S&P 500 +0.03%
Dow +0.16%
R2K +0.28%
Cues From Last Session:
Traders cherished the let-up in the bond yields and a slightly dovish message relayed by Fed Chair Jerome Powell regarding inflation’s trajectory and sent stocks higher on Tuesday. The major averages opened lower but recovered immediately after only to move back and forth across the unchanged line in a narrow range.
The indices launched into a strong rally in the afternoon and ended notably higher. The Nasdaq Composite Index set a record closing high for a second straight day, ending above the 18,000 mark for the first time ever. The S&P 500 also closed at a new ...