The S&P 500 and Nasdaq Composite notched their sixth straight positive days and are poised for their best weeks in 2024.
Stock futures are near flat Thursday night as investors looked toward the end of a week that has ushered in a recovery rally.
Dow Jones Industrial Average futures added 15 points, sitting near flat. S&P 500 futures were also little changed, while Nasdaq 100 futures inched lower by 0.1%.on Wall Street. The Dow gained more than 500 points on Thursday, rising more than 1% along with the broad S&P 500. The Nasdaq Composite jumped more than 2% as technology shares led the ascent.
Thursday marked the sixth straight winning day for both the S&P 500 and Nasdaq. With respective gains of more than 3% and 5% on the week, both are on track to notch their biggest weekly gains since November. The Dow has climbed more than 2% this week, which would also mark its best performance this year.released earlier this week bolstered hopes that a soft landing scenario was still possible.
"Investors have been looking for additional reasons to continue the road to recovery," said Sam Stovall, chief investment strategist at CFRA Research. "With the recent, better-than-expected economic and employment data, now investors are picking up the pace."Dow and S&P 500 futures both sat near flat shortly after 6 p.m. ET Thursday night. Nasdaq 100 futures shed about 0.1%.
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