Stock futures are flat after S&P 500, Nasdaq rally to new closing records: Live updates

6 hours ago 9
ARTICLE AD BOX

Traders enactment connected the level of the New York Stock Exchange (NYSE) connected July 07, 2025, successful New York City.

Spencer Platt | Getty Images News | Getty Images

U.S. equity futures were small changed Thursday evening aft investors continued piling into hazard assets, sending the S&P 500 and Nasdaq Composite to new closing records.

Futures tied to the benchmark S&P 500 edged higher by 0.04%. Nasdaq 100 futures roseate 0.08%. Dow Jones Industrial Average futures were besides flat.  

In regular trading, the wide marketplace S&P gained 0.27% to extremity the time astatine 6,280.46, portion the tech-focused Nasdaq finished higher by 0.09% astatine 20,630.67. The Dow advanced 192 points, oregon 0.43%, closing astatine 44,650.64.

The moves came arsenic investors shrugged disconnected immoderate worries astir the latest commercialized developments, including a 50% U.S. tariff connected imported copper that President Donald Trump announced Wednesday night, arsenic good arsenic a 50% tariff connected Brazil.

Trump besides told NBC News' Kristen Welker precocious Thursday that letters could beryllium sent to Canada and the European Union with the latest tariff proposals arsenic soon arsenic today.

The rally successful stocks began Wednesday, aft Nvidia concisely touched a $4 trillion marketplace headdress for archetypal time, launching a rally successful tech names. On Thursday, user discretionary was the apical performing assemblage successful the market.

The system needs to proceed to enactment resilient, however, for the rally to beryllium sustainable, warned Drew Pettit, Citi's U.S. equity strategy director.

"Structurally, we're not determination yet. Fundamentally, I don't deliberation we're determination yet," helium told CNBC's "Closing Bell Overtime" Thursday. "If you privation these types of sectors to proceed to outperform much than conscionable a tactical trade, you're going to request the macro information to clasp successful determination and the Fed to chopped rates. It's not an either or, structurally, I deliberation it's some and we're not rather there."

The large averages are connected gait to extremity the week small changed, with the Dow hovering conscionable nether the level enactment connected a play ground and the S&P and Nasdaq higher by little than 1%.

Investors are looking up to the Treasury Department's monthly treasury connection astatine 2 p.m. ET Friday.

Stocks making the biggest moves aft hours

These are the stocks making the biggest moves successful extended trading:

  • Levi Strauss — Shares of the denim shaper popped astir 6% aft the institution raised its income guidance, saying it expects it volition sorb immoderate tariff costs for now. It besides bushed net and gross expectations for the astir caller quarter, reporting it earned 22 cents per stock adjusted versus 13 cents expected. Revenue of $1.45 billion, topped the $1.37 cardinal estimate, according to LSEG.
  • PriceSmart — The discount retailer roseate astir 7% aft reporting higher than expected net and gross for the latest quarter. Earnings per stock came successful at $1.14, beating expert estimates by 2 cents, according to LSEG. Revenue of $1.32 cardinal narrowly topped estimates of $1.31 billion.
  • Bitcoin stocks — Stocks tied to the terms of bitcoin roseate aft hours arsenic the the flagship cryptocurrency continued climbing to caller records into the evening. Bitcoin was past higher by 4% astatine $116,031.95, according to Coin Metrics. Bitcoin miners Mara Holdings and CleanSpark each gained astir 3%. MicroStrategy added 1.8%.

— Tanaya Macheel

Stock futures unfastened small changed

Read Entire Article