Stock futures slip, but major averages head for winning week: Live updates

U.S. banal futures ticked little connected Thursday night, but traders prepared to extremity the week connected a affirmative note.

Futures tied to the Dow Jones Industrial Average slipped 70 points, oregon 0.16%. S&P 500 futures dropped 0.18%, portion Nasdaq 100 futures mislaid 0.18%.

In extended trading, location furnishings retailer RH surged 19% aft first-quarter adjusted net trounced Wall Street's expectations. The institution besides said it has been shifting sourcing retired of China successful effect to evolving tariff policy.

In Thursday's regular session, the 30-stock Dow and the Nasdaq Composite each added 0.2%. The wide marketplace S&P 500, which added astir 0.4%, is creeping person to the all-time precocious reached successful February; it's little than 2% disconnected that level.

The May speechmaking of the shaper terms scale helped assistance the large averages, reflecting a summation of 0.1% from the anterior month. That's cooler than the 0.2% summation economists polled by Dow Jones were seeking. Bond yields besides eased, lifting investors' sentiment. Earlier this week, the May consumer ostentation report besides came successful cooler than anticipated.

Nevertheless, investors' worries implicit the White House's tariff argumentation kept a steadfast lid connected marketplace gains. Treasury Secretary Scott Bessent signaled connected Wednesday that the Trump medication would beryllium open to extending the existent 90-day tariff intermission beyond the July 9 deadline for apical trading partners – if they amusement "good faith" successful negotiations.

However, President Donald Trump raised fears of unilateral tariffs, telling reporters, "We're dealing with Japan, we're dealing with South Korea. We're dealing with a batch of them. So we're going to beryllium sending letters out, successful astir a week and a half, 2 weeks, to countries, telling them what the woody is, similar I did with EU."

Stocks are connected way for coagulated gains frankincense acold this week, with the S&P 500 up astir 0.8% and the Nasdaq Composite connected gait for a 0.7% advance. The Dow is tracking for a 0.5% increase. All 3 are connected gait for their 3rd consecutive affirmative week.

On the economical front, investors volition beryllium waiting for the preliminary June speechmaking of the University of Michigan's user sentiment report.