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Stock market today: US futures tread water after S&P 500's record close

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US Stock Futures Nouvelles

Dow Jones Industrial Average Futures,Stock Market,Nasdaq Composite

Investors looked to fresh economic data for pointers on rate cuts as they got set for the July 4th closure.

US stock futures held steady on Wednesday after a record S&P 500 close, with fresh economic data and Federal Reserve minutes on deck for pointers to rate cuts in a holiday-shortened session. S&P 500 futures traded flat after the benchmark ended Tuesday above 5,500 for the first time. Contracts on the tech-filled Nasdaq 100 were also little changed, while Dow Jones Industrial Average futures edged up 0.1%.

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.

 

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