US stock futures pointed to a rebound Wednesday morning after several days of red closings, an unusual occurrence in the market's bullish start to 2024. Futures tied to the S&P 500 , the blue-chip Dow Jones Industrial Average dipped, and the tech-heavy Nasdaq Composite all gained about 0.4% before the open. A stock rebound would come after a three-day losing streak for the benchmark S&P 500, which has set a new record closing high 20 times this year.
That index, which contains the Federal Reserve's preferred "core" PCE inflation measure, is set for release on Friday. Also in focus is the return of the meme stock, the mania around companies that have become phenomena on social media. As Yahoo Finance's Josh Schafer chronicled yesterday, look no further than Reddit , which as a platform has been responsible for much of the frenzy over the years.
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