ZTO - Wall Street Eyes Breather After Record Run As Walmart Earnings Fed Speakers In Focus: Analyst Banks Hopes On Nvidia Print H2 Rate-Cut | Benzinga
Stocks may take a breather after Wednesday’s record run, fueled by a mild consumer price inflation report, with index futures holding relatively steady in early trading. However, traders might find some optimism in robust tech earnings. The market mood on Thursday could be influenced by various factors, including earnings from retail giant Walmart, Inc. (NYSE:WMT), as well as speeches by Federal Reserve officials and other Main Street events.
Futures Performance (+/-)
Nasdaq 100 +0.13%
S&P 500 +0.06%
Dow +0.03%
R2K -0.25%
In premarket trading on Thursday, the SPDR S&P 500 ETF Trust (NYSE:SPY) ticked up 0.07% to $530.13, while the Invesco QQQ ETF (NASDAQ:QQQ) traded up 0.16% at $453.61 according to Benzinga Pro data.
Cues From Previous Session
With consumer prices cooling off across the board, the major indices launched in rally straight out of the gates and finished solidly higher on Wednesday. A soft April retail sales report also lent support. The major averages all broke above their previous record and simultaneously hit a record high for the first time since March 21. Stocks across sectors advanced, with those belonging to the IT sector leading the gains.
Index Performance (+/-) Value
Nasdaq Composite +1.40% 16,742.39
S&P ...