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Stock impact report

Stock market today: US futures tread water after S&P 500's record close [Yahoo! Finance]

Paramount Global - Class A (PARAA) 
Company Research Source: Yahoo! Finance
S&P 500 futures ( ES=F ) traded flat after the benchmark ended Tuesday above 5,500 for the first time. Contracts on the tech-filled Nasdaq 100 ( NQ=F ) were also little changed, while Dow Jones Industrial Average futures ( YM=F ) edged up 0.1%. Stocks were muted ahead of an early close (1 p.m. ET) to trading on Wednesday, ahead of the stock market's shutdown on Thursday to mark the Independence Day holiday. The S&P 500 ( ^GSPC ) and Nasdaq Composite ( ^IXIC ) hit fresh record closes after Jerome Powell touted progress on cooling inflation . That cemented hopes for an interest-rate cut even as the Fed chair once again signaled a lack of urgency to act. Traders are pricing in 65% odds of a move lower in September, according to CME's FedWatch tool Eyes are now on updates on private payrolls and jobless claims due before the bell for insight on the labor market ahead of the key June jobs report release on Friday. Also on deck are data on services activity and factory orders, watche Show less Read more
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