U.S. stock futures moved around the flatline on Thursday morning after the S&P 500 (SPX) hit another record high yesterday, as investors continued to shrug off the ongoing government shutdown. Futures on the Nasdaq 100 (NDX) and the Dow Jones Industrial Average (DJIA) were down 0.05% and 0.01%, respectively, while futures tied to the S&P 500 were flat at 8:25 a.m. EST on October 9.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
During Wednesday’s regular trading session, the S&P 500 closed up 0.58%, while the Nasdaq Composite surged 1.12%, finishing above the 23,000 level for the first time ever. Meanwhile, the Dow Jones ended the day with a slight decline.
Coming to trending stocks, Delta Air Lines (DAL) stock rose more than 6% in Thursday’s pre-market trading after reporting better-than-expected Q3 results and solid guidance. Also, PepsiCo (PEP) delivered a Q3 earnings beat. Meanwhile, Akero Therapeutics (AKRO) stock rallied nearly 18% in pre-market trading after the biopharma company announced that it would be acquired by Novo Nordisk (NVO).
With no significant economic data releases scheduled for Thursday due to the ongoing government shutdown, investors will focus on remarks from Fed Chair Jerome Powell at a community bank conference, as well as speeches from Governors Michelle Bowman and Mary Daly later in the day.
Stay ahead of macro events with our up-to-the-minute Economic Calendar — filter by impact, country, and more.