Stock futures remained largely unchanged Thursday night following a four-day rally for the S&P 500, driven by temporary tariff cuts between the U.S. and China and encouraging inflation reports. Futures tied to the Dow Jones Industrial Average rose slightly, while S&P 500 and Nasdaq 100 futures saw marginal gains.
The rally was fueled by a 90-day truce in tariff measures agreed upon earlier in the week, alleviating concerns over global trade tensions. Additionally, a soft inflation report indicated a decline in wholesale prices, complementing the recent consumer price index data showing the lowest 12-month growth since February 2021.
Major technology stocks have significantly contributed to the market’s surge, with Nvidia and Tesla leading gains this week. Despite the positive sentiment, some U.S. companies, such as Walmart, have warned about rising costs due to tariffs, hinting at potential economic challenges ahead. Investors will closely monitor upcoming economic indicators, including housing starts data and the University of Michigan’s consumer sentiment survey. — new from CNBC
