U.S. stock futures were little changed on Thursday night after the Dow Jones Industrial Average posted its longest win streak going back to December.Investors have been more optimistic lately after the Federal Reserve indicated the next move is unlikely to be a hike, pointing to a cap on interest rates that could be bullish for equities. A strong earnings season, as well as some softer labor data, have also bolstered confidence in the stock outlook.
"What's important in all of this context is, 'are we in the early stages of a long-term bull market or not?'" Chris Hyzy, chief investment officer of Merrill and Bank of America Private Bank. "It feels comfortable saying it on a day like this, but we are, in our opinion." Stocks were on pace for a winning week as of Thursday's close. The Dow has gained 1.8%. The S&P 500 and the Nasdaq Composite were higher by 1.7% and 1.2%, respectively.
On the economic front, May consumer sentiment data that's due out Friday is expected to ease slightly to 76.0, down from 77.2.Futures linked to the 30-stock Dow rose by 33 points, or 0.08%. S&P 500 futures climbed 0.04%, while Nasdaq 100 futures gained 0.04%.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »