Futures Barely Move, S&P Nears Peak



U.S. stock futures were little changed on Wednesday as the S&P 500 ended the previous session less than 1% from its all-time high.
Futures for the Dow Jones Industrials dipped 39 points, or 0.1%, to 48,716

Futures for the broader demurred 0.25 points to 7,004.50.

Futures for the NASDAQ dropped four points to 25,992.75.

The S&P 500 is nearing its all-time high of 7,002.28, reached on Jan. 28. Tuesday marked the index’s ninth positive session in 10, while the technology-heavy NASDAQ also posted its 10th straight session of gains.

The S&P 500's Monday advance erased its losses dating back to when the Iran conflict began in late February.

On Tuesday, a White House official told reporters that a second round of negotiations between Washington and Tehran is under discussion, though nothing has been officially scheduled yet.

Bank of America shares gained more than 1% after the banking giant posted better-than-expected results for the first quarter.

Snap shares popped more than 5% after the Snapchat parent announced plans to lay off up to 16% of its workforce. The company said it’s trying to reallocate resources toward growing net income profitability, among other initiatives.

In Japan, the Nikkei 225 gained 0.4% Wednesday, while in Hong Kong, the Hang Seng acquired 0.3%

Oil prices advanced $1.32 to $92.60 U.S. a barrel.

Gold prices fell $27.00 to $4,823.10 U.S an ounce.