U.S. stock futures were little changed Tuesday night, after the S&P 500 notched a second straight day of gains.
Dow Jones Industrial Average futures rose 26 points, or 0.06%.
S&P 500 futures gained 0.07%, and Nasdaq 100 futures advanced 0.04%.
The S&P 500 and the Nasdaq Composite did even better, advancing 0.6% and 0.8%, respectively, bolstered by the rise in tech stocks.
This week, Deutsche Bank’s chief U.S. equity and global strategist Binky Chadha raised his year-end S&P 500 forecast.
U. A. Tuesday night, stock futures saw minimal movement following the SandP 500’s second consecutive day of gains.
Futures for the Dow Jones Industrial Average increased 26 points, or 0.06%. Futures for the S&P 500 increased by 0.07%, while futures for the Nasdaq 100 increased by 0.04%.
Shares of CrowdStrike Holdings fell more than 6% during extended trading after the cybersecurity firm released softer-than-expected revenue guidance for the current quarter. Shares of Hewlett Packard Enterprise surged 3% after the IT giant exceeded analysts’ forecasts for both its top and bottom lines.
Following a strong session on Tuesday, Wall Street reported back-to-back gains. The 30-stock Dow saw its fourth positive day, rising more than 200 points, or 0.5 percent. Supported by the increase in tech stocks, the S&P 500 and the Nasdaq Composite performed even better, rising 0.6 and 0.8 percent, respectively. With a nearly 3% increase, Nvidia overtook Microsoft as the most valuable public company in the world once again.
Following a string of reversals by President Donald Trump that convinced traders that the White House is primarily using high levies as a negotiating tool, the recent rally has given investors greater confidence that stocks have turned around on tariffs. Though they were later temporarily reinstated by an appeals court, the market appears to have priced in the worst of Trump’s tariffs after a federal court struck them down just last week.
More market observers are convinced that there is still more upside for stocks due to the increasingly subdued reaction to trade headlines, particularly given the cash that is still sitting on the sidelines and the anticipated policy changes later this year that will be more advantageous to equities. This week, the CEO of Deutsche Bank, U. S. . Binky Chadha increased his year-end S&P 500 forecast. Chadha is an equity and global strategist.
Tom Lee, the head of research at Fundstrat Global Advisors, stated on Tuesday’s “Closing Bell” on CNBC that “we have a quiet week, and markets are rallying.”. “A significant leg-up rally from here is now the risk, in my opinion. “.
Others, to be sure, are still concerned that the full effects of tariff uncertainty have not yet been felt and that future economic indicators may begin to show signs of easing.
Prior to the weekly jobless claims report on Thursday and the significant May jobs report on Friday, investors will have additional information about the labor market this week when the ADP private payrolls report is released on Wednesday. On Wednesday afternoon, the Federal Reserve will also release its Beige Book.
