Stock market today: US futures tread water with Dow poised for another bid for 40,000

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Christopher Waller

Stocks trod water as investors assess the chances of the Dow succeeding in another bid to cross 40,000 for the first time.

US stocks trod water on Friday as they regrouped for another bid to take out milestones as investors dithered over the odds for rate cuts. Dow Jones Industrial Average futures held steady on the heels of touching the key 40,000 level for the first time in Thursday's trading. Futures on the S&P 500 and the tech-heavy Nasdaq 100 were also little changed, with all the gauges on track for weekly wins.

Read more: How does the labor market affect inflation? Friday's light economic and corporate calendar leaves few jumping-off points for the Dow to make another bid at crossing its key milestone, while the S&P 500 and Nasdaq have their own fresh records within reach. That puts the spotlight on appearances by the Fed's Mary Daly and Christopher Waller on Friday.

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