U.S. stock futures were mostly flat Wednesday evening after a market rally sparked by President Trump denying plans to fire Fed Chair Jerome Powell. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were down 0.09%, 0.12%, and 0.1%, respectively, at 6:14 p.m. EDT on July 16.
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During Wednesday’s regular trading session, the S&P 500, the Nasdaq Composite, and the Dow rose 0.32%, 0.26%, and 0.53%, respectively.
Earlier in the day, stocks fell after reports suggested Trump was likely to fire Powell soon. However, equities rebounded after the president downplayed these reports, stating he was “not planning on doing it,” though he did add that he didn’t “rule out anything.”
On Thursday, traders will be monitoring Weekly Jobless Claims and the latest Retail Sales report for June.