Stock market today: Live updates

S&P 500 futures are near flat Wednesday night as the benchmark index surrounded a brand-new all-time high.

Futures connected to the benchmark index and Nasdaq 100 were both little bit altered. Dow Jones Industrial Average futures slipped 6 points, likewise near flat.

The action follows a decently winning day on WallStreet The S&P 500 wound up 0.1%, increasing closer to tape levels. The Nasdaq Composite included almost 0.2% in the session, while the 30- stock Dow ended up 0.3% greater.

While the relocations were silenced, they come as financiers look towards to end of what’s been a strong year for stocks.

With simply 2 sessions left in the trading year, the blue-chip Dow and the S&P 500 are poised to complete greater by more than 13% and 24%, respectively. The latter is within 0.5% of its greatest closing level, which was embeded in January 2022

Meanwhile, the technology-heavy Nasdaq is on track for its finest year because 2003, climbing up more than 44%. That outperformance has actually been driven by the expert system trend and a rebound amongst mega-cap tech names.

The 3 significant indexes are likewise all on track to notch their ninth straight winning weeks. That highlights the marketplace’s late 2023 rally, rebounding off an unfavorable 3rd quarter.

“2023 was … good for investors to really test their patience,” stated Michael Mullin, primary market strategist at ClaroAdvisors “There’s a lot that happens in the middle, but at the end of the day, you can look back and be satisfied that you were an investor.”

Stocks are now in the middle of a duration called the “Santa Claus rally,” which describes the last 5 trading days of an ending year and very first 2 of a brand-new one. The S&P 500 has actually increased about 1.3% over this timeframe usually, per information returning to 1950 from the Stock Trader’s Almanac.

Traders will keep track of financial information on unemployed claims and pending home sales Thursday early morning.