Stock futures were quiet Tuesday night after Wall Street saw the S&P 500 close at a new high.
Futures linked to Dow Jones Industrial Average fell 6 points, or less than 0.1%. S&P 500 Futures and Nasdaq 100 Futures They were also within 0.1% of the flat line.
The move in futures comes after a rally in stocks on Tuesday that saw the S&P 500 and Nasdaq Composite every profit more than 1%.
The rise in stocks came despite a consumer price index that showed inflation was slightly higher than expected in February, further clouding the outlook for when the Federal Reserve will begin cutting interest rates. In particular, stocks rose even as bond yields rose.
"We don't think it's going to be the Federal Reserve that ends this economic cycle. Ultimately, what will determine the end of this expansion will be based on whether we have some kind of shock... Otherwise, you may be in the wrong." that we would be." consider the late cycle for a considerable period of time," said Gabriela Santos, global market strategist at JPMorgan Asset Management, in "Closing bell".
The stock bull market has shown signs of widening in recent weeks, but the chipmaker NVIDIA remains a key reference. Nvidia shares rose more than 7% on Tuesday, erasing nearly all of their losses from the previous two sessions and bringing the year-to-date gain to about 86%.
Earnings season is coming to an end, with dollar tree He is expected to report Wednesday morning. Builder Lennar It is scheduled to publish the results after the close.
