Stocks Little Changed Following Record Close

Stock futures were little changed on Thursday morning after the S&P 500 notched a new record closing high thanks to a rally in artificial intelligence chip darling Nvidia

Futures for the Dow Jones Industrials fell 40 points, or 0.1%, to 38,843.

Futures for the S&P 500 inched ahead 2.25 points at 5,368.25.

Futures for the NASDAQ Composite gained 37.75 points, or 0.2%, to 19,112.

Lululemon jumped 7% as the sportswear manufacturer beat expectations in its fiscal first quarter. Five Below sank nearly 15% on lackluster results and guidance.

Nvidia powered those gains surging more than 5% to top a $3 trillion market valuation and surpass Apple in value. Earlier this week, the company announced its next generation of AI chips, known as “Rubin.”

Earnings from J.M Smucker are due out Thursday, as are reports on continuing and initial jobless claims.

In Japan, the Nikkei 225 took on 0.6% Thursday, while in Hong Kong, the Hang Seng index was better by 0.3%.

Oil prices picked up 82 cents to $74.89 U.S. a barrel.

Gold prices prospered $2.60 to $2,378.10 U.S. an ounce.