Stock futures wobbled, pointing to the S&P 500 hovering near an all-time high after its third straight week of gains
hovering near its all-time highFutures tied to the S&P 500 wavered between gains and losses. The market benchmark notched a record high Thursday. Dow Jones Industrial Average futures edged up less than 0.1% Friday, suggesting that the blue-chips index will end the week lower.
The major indexes are hovering close to all-time highs, leaving investors looking for any catalysts that may propel the next leg in what has been a sharp rally since the March 2020 rout. Fresh spending plans by the Biden administration that could result in higher taxes, as well as stocks’ high valuations and the emergence of new Covid-19 variants, are making people more cautious.
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