US stock futures held steady on Friday after the major averages extended their winning streak to a sixth day during Thursday’s session, with the Dow closing at a fresh record high. In regular trading on Thursday, the Dow rose 0.43%, the S&P 500 climbed 0.26% and the Nasdaq Composite added 0.19%. Six out of the 11 S&P sectors finished higher, led by energy, real estate and materials. Those gains came as the Federal Reserve held interest rates steady and signaled 75 basis points of rate cuts for next year, more than initially projected in September. Meanwhile, retail sales unexpectedly rose last month, suggesting a strong kick-off of the holiday shopping season and initial claims came below forecasts. Still, the strong data did little to alter rate cut expectations. In corporate news, Moderna surged 9.2% on improved survival rates in trials for the personalized cancer treatment, while Rivian jumped by 14% after AT&T revealed its agreement to purchase electric vehicles for its fleet.
The main stock market index in the United States (US500) increased 946 points or 24.65% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks this benchmark index from United States. Historically, the United States Stock Market Index reached an all time high of 4818.62 in January of 2022. United States Stock Market Index - data, forecasts, historical chart - was last updated on December 15 of 2023.
The main stock market index in the United States (US500) increased 946 points or 24.65% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks this benchmark index from United States. The United States Stock Market Index is expected to trade at 4615.72 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4311.15 in 12 months time.