Home / Business / U.S. stock futures saw little change as markets closed in a winning first half.

U.S. stock futures saw little change as markets closed in a winning first half.

A trader works on the New York Stock Exchange on March 3, 2020.

Michael Nagle | Xinhua via Getty

U.S. stock futures were little changed on Tuesday night as markets close in the first half of 2021 and a winning second quarter.

Dow Jones Industrial Average futures were up 20 points, or 0.06%. S&P 500 futures were up 0.08%. Nasdaq-1

00 futures were up 0.11%.

Wednesday was the last day of the second quarter and the last day of the first half of 2021. So far this year, the S&P 500 is up 14%, while the Nasdaq Composite and Dow are up 12% each. For the quarter, the S&P 500 is up 8%. The S&P 500 and Nasdaq all posted new closing records on Tuesday.

Investors shrug off high inflation readings. and continues to buy stocks in hopes that the economy will continue to recover from the pandemic. The three biggest winners of the Dow this year were Goldman Sachs, American Express and Walgreens Boots Alliance, which rose more than 30%. Chevron, Microsoft and JPMorgan Chase rose more than 20%.

A good first half usually bodes well for the rest of the year. Whenever there was a double-digit increase in the first half, the Dow and S&P 500 never ended that year with year-over-year declines, according to Refinitiv data dating back to 1950.

during a regular Tuesday session The stock was little changed in light trading, although the S&P 500 posted its fourth consecutive positive session and a record high. The Dow was up 9 points or less by 1%, the S&P 500 ended a 0.03% higher and the Nasdaq Composite ended a 0.2% gain.

Homebuilder shares rose Tuesday after S&P CoreLogic Case-Shiller released the National Home Price Index. This shows that house prices rose more than 14% in April compared to the previous year. and many major cities in the US It had the highest yearly price increase. Lennar shares were up nearly 1% and PulteGroup’s shares were up 1.9 percent.

The Conference Board Consumer Confidence Index is also at its highest level since March 2020.

Weekly mortgage applications and pending home sales data are scheduled for release on Wednesday. Payroll firm ADP is scheduled to report the number of private hires added in June.

Stocks are likely to see no big moves until Friday’s jobs report gives a better idea of ​​the economic conditions. Economists expect jobs to increase by 683,000 in June. According to the Dow Jones survey

—With reporting from Robert Hum

Source link