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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Stock market today: Stocks pull back from records after Dow touches 40,000 for first timeSigns inflation continues to cool is pushing stocks to record highs, with the Dow crossing 40,000 for the first time ever on Thursday.
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Stock market today: Dow touches 40,000 as stocks hover at record highsSigns inflation continues to cool is pushing stocks to record highs, with the Dow crossing 40,000 for the first time ever on Thursday.
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Stock market today: Dow eyes 40,000 as stocks regroup near record highsSigns of cooling inflation continued to spur bets for a Federal Reserve rate cut in September.
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Stock market today: Stocks rise, Dow eyes 8th straight win as rate-cut hopes aboundInvestors are listening out for a parade of Fed speakers to test a growing confidence that a rate cut is on the way.
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Stock market today: Dow eyes 8th straight win as rate-cut hopes buoy stocksInvestors are listening out for a parade of Fed speakers to test a growing confidence that a rate cut is on the way.
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Stock market today: Stocks rise as Dow tries to extend 6-day win streakStocks have lost their bounce after a growing chorus of Federal Reserve officials made it clear that interest rates will need to stay higher for longer.
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