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Stock Market Today: Dow futures hover near record high after post-election recovery
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Stock Market Today: Dow futures hover near record high after post-election recovery

How are stock index futures traded?:

S&P 500 futures rose 0.1 percent.

Dow Jones Industrial Average futures were virtually unchanged.

Nasdaq 100 futures rose 0.1 percent.

on thursdayThe Dow Jones Industrial Average fell 1 point, or 0%, to 43,729 points, the S&P 500 gained 44 points, or 0.74%, to 5,973 points and the Nasdaq Composite gained 286 points, or 1.51%, to 19,269 points.

Futures suggest Wall Street may pause for breath after posting its 49th record close of 2024, up 25.2% year-to-date.

The S&P 500 has gained 4.6% in the past three sessions alone — its best move since April 2020 — as investors welcomed Donald Trump’s clear victory in the presidential election.

Another rate cut by the Fed on Thursday also supports sentiment.

“Investors chose to celebrate the election results with US markets posting strong gains, and the party continued as an expected interest rate cut from the Federal Reserve provided another boost, particularly for technology stocks,” said Richard Hunter, head of markets at Interactive Investor. .

Here are some of the potential market catalysts investors will consider on Friday:

10:00 Eastern. University of Michigan consumer sentiment for November.

11:00 Fed Governor Michelle Bowman talks about banking regulations.

14:30 St. Louis Fed President Alberto Musalem made a welcome speech.