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Record Setting Rally Rolls on, Dow Adds 260+
Dow Leaps 300+ En Route to New High
Stocks Continue Record Run
Futures Progress Following Record Day
Fed Says Rate Cuts Coming, Dow Hits Record High Subscribe to Get Small Cap News & Alerts Glenn Wilkins - Friday, March 22, 2024
Futures Slip After Record-Setting Day Advertisment
Stock futures slipped on Friday, but the major averages heading for a winning week after two straight days of record-setting gains.
Futures for the Dow Jones Industrials eased 25 points, or 0.1%, to 40,181.
Futures for the S&P 500 fell 6.5 points, or 0.1%, to 5,296.
Futures for the NASDAQ Composite stumbled 48.5 points, or 0.3%, to 18,513.25.
FedEx shares rose 11.5% in the premarket after posting adjusted earnings that beat analyst estimates. Lululemon slid 13% after the athleisure retailer posted weak guidance on the back of slowing growth in North America, while Nike sank 6% on disappointing guidance and slowing China sales.
All three major averages are tracking for healthy gains this week, with the S&P 500 tracking for a 2.4% pop and the Nasdaq rising nearly 2.7%. The Dow is the outperformer of the three, up almost 2.8% through Thursday's close and on pace for its best week since December.
In Japan, the Nikkei 225 took on 0.2%, while in Hong Kong, the Hang Seng index fell 2.2%,
Oil prices moved ahead 16 cents to $81.23 U.S. a barrel.
Gold prices slipped $12.00 to $2,172.700 U.S. an ounce.
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