Stock Market Today: Live Updates | Wilnesh News

Stock index futures were near flat Thursday night as traders awaited closely watched inflation data. They are also counting down the days to a strong first half of the year.

Dow Jones Industrial Average Futures It fell 36 points, or 0.1%. S&P 500 Index Futures rose 0.1%, while Nasdaq 100 Futures Add 0.2%.

In the after-hours action, Nike Shares of the athletic retailer fell more than 12% after it lowered its full-year guidance. Foot cabinet Affected by sympathy, the stock price fell by more than 5%.

The moves come after a quiet day on Wall Street as investors prepare for the release of May’s core personal consumption expenditures price index (PCE) on Friday morning. this Dow Chemical and S&P 500 Index Each edged up about 0.1%, while Nasdaq Index up 0.3%.

considered a fed. First choice Inflation indicators show that overall personal consumption expenditures (PCE) data are expected to be unchanged from April, up 2.6% from the same period last year. Excluding volatile food and energy prices, core personal consumption expenditures are expected to rise 0.1% this month and 2.6% annually.

Market participants consider the inflation statistics crucial as they try to guess when the Federal Reserve will begin cutting interest rates. Traders will also be watching spending, personal income and consumer confidence indexes released throughout the morning.

These are the last potential market catalysts for the first six months of 2024, which officially ends at Friday’s close. The day is filled with noteworthy data as it marks the end of the trading week, month, quarter and half-year.

The tech-heavy Nasdaq was among the top gainers in the first half of the year, rising about 19%, as the artificial intelligence craze sparked investor excitement. The S&P 500 overall rose nearly 15%, while the blue-chip Dow Jones lagged, rising just under 4%.

Mike Dickson, head of research and quantitative strategy at Horizon Investments, said the artificial intelligence theme “dominated throughout the year and really drove concentration across the market.” “That makes for a very strong year.”

Part of the reason for the Dow’s poor performance is an unusual pullback in the second quarter. The Dow fell more than 1.6% during the period, while the S&P 500 and Nasdaq gained more than 4% and 9%, respectively.

All three made progress in June. The Nasdaq has once again led the way with gains of more than 6% so far this month. The S&P 500 and Dow Jones rose more than 3% and 1% respectively.

This week alone, the Nasdaq is up nearly 1%. The S&P 500 was up about 0.3%, while the Dow was nearly flat.