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Stock futures are flat after S&P 500 closes at another record high

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Stock futures are flat after S&P 500 closes at another record high

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Stock futures held true in in a single day shopping and selling on Thursday as the S&P 500 seeks to complete a winning week on a high demonstrate.

Futures on the Dow Jones Industrial Average rose delicate 20 aspects. S&P 500 futures and Nasdaq 100 futures had been each and each runt changed.

Shares of Disney jumped greater than 4% in after-hours shopping and selling after the media wide reported blowout fiscal third-quarter earnings, crushing Wall Aspect street expectations on subscriber boost, income and earnings.

Airbnb shares fell greater than 3% after the high-tail firm issued a warning about volatility attributable to the Covid delta variant.

The blue-chip Dow and the S&P 500 are now not off target to shut out a winning week after gaining 0.8% and zero.6%, respectively, by Thursday at record highs. The tech-heavy Nasdaq Composite underperformed this week, down 0.1%.

Investors digested combined economic data on Thursday. Weekly jobless claims came in at 375,000 last week, matching estimates and declining for a third straight week. Meanwhile, the producer tag index, except for volatile food, trade products and services and vitality contrivance, rose 0.9% last month versus a forecast for a 0.5% produce.

“The original PPI/home tag figures took about a of the sheen off the Wed CPI-brought about ‘inflation has peaked celebration’ and this spurred very modest profit taking in cyclical groups following two days of outperformance,” Adam Crisafulli, founder of Necessary Information, stated in a demonstrate.

Stocks are rising to records on the help of a stellar earnings season. The year-over-year earnings boost is anticipated to be 92.9%, in step with Refinitiv. So a ways about 90% of the S&P 500 companies obtain handed of their quarterly record, and about 88% of them beat earnings estimates from Wall Aspect street analysts, in step with Refinitiv.

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Stock futures are flat after S&P 500 closes at another record high