Futures Unchanged after All-Time Highs



S&P 500 futures were flat Thursday after the benchmark index rose to all-time highs in the previous session.

Futures for the Dow Jones Industrials gained 18 points to 46,885.

Futures for the much broader index inched higher 0.75 points to 6,802

Futures for the NASDAQ fell 5.25 points to 25,325.75.

With Wednesday’s gain, the S&P 500 notched its eighth winning day of the last nine. The technology-heavy NASDAQ climbed more than 1% to end above the 23,000 mark for the first time ever.

The Dow, on the other hand, finished slightly below flat as blue-chip stocks lagged. But Nvidia helped the 30-stock index restrict losses, rising more than 2% after CEO Jensen Huang told reporters that computing demand has “gone up substantially” this year.

There are no economic data releases of note on Thursday due to the ongoing government shutdown.

However, investors will monitor morning remarks from Federal Reserve Chair Jerome Powell at a community bank conference, as well as speeches from other Fed officials such as Michelle Bowman and Mary Daly throughout the day.

Delta Air Lines shares rose more than 5% after the company issued strong guidance and posted third-quarter results that beat analyst expectations.

The airline earned an adjusted $1.71 per share on revenue of $15.2 billion. Analysts expected by LSEG expected a profit of $1.53 per share on revenue of $15.06 billion. Delta also issued fourth-quarter earnings guidance that exceeded estimates.

In Japan, the Nikkei 225 popped 1.8% Thursday, while in Hong Kong, the Hang Seng faded 0.3%.

Oil prices settled 27 cents to $62.28 U.S. a barrel.

Gold prices handed back $11.90 to $4,056.80 U.S. per ounce.