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U.S. Stock Futures Flat as Investors Pause after Strong Market Rally

Story Highlights
  • U.S. stock futures were steady on Wednesday evening.
  • This comes after the S&P 500 and Nasdaq reached new record highs in the regular trading session.
U.S. Stock Futures Flat as Investors Pause after Strong Market Rally

U.S. stock futures were steady on Wednesday evening as the market paused following a massive relief rally. Futures on the Nasdaq 100 (NDX) and the S&P 500 (SPX) were down 0.02% and 0.03%, respectively, at 6:06 p.m. EDT on April 15, while the Dow Jones Industrial Average (DJIA) futures were up 0.07%.

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In the regular trading session, the S&P 500 and the Nasdaq Composite hit fresh intraday and closing records, with the indices rising 0.8% and 1.6%, respectively, as investors looked past the Iran war. The S&P 500 closed above 7000 for the first time, while the Nasdaq finished above 24,000 after an 11th straight gain. The Dow slipped 0.2%.

Looking ahead, key economic reports include the Industrial Production and Capacity Utilization data points for March and the Weekly Jobless Claims. On the earnings front, TSMC (TSM), Abbott (ABT), Netflix (NFLX), and PepsiCo (PEP) are scheduled to report quarterly numbers tomorrow.

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