A
trader
works
on
the
floor
of
the
New
York
Stock
Exchange
(NYSE)
in
New
York
City,
U.S.,
May
30,
2023.
Brendan
McDermid
|
Reuters
Stocks
futures
were
flat
in
overnight
trading
after
the
S&P
500
notched
its
highest
closing
level
of
2023.
The
tail-end
of
earnings
season
pressed
on
with
results
from
Dave
&
Buster’s
and
Stitch
Fix.
Dave
&
Buster’s
gained
about
4%
after
the
bell,
while
Stitch
Fix
added
nearly
5%.
Futures
tied
to
the
Dow
Jones
Industrial
Average
dipped
8
points.
S&P
500
futures
and
Nasdaq-100
futures
traded
flat.
Stocks
edged
higher
during
Tuesday’s
regular
trading
session.
The
broad
index
added
0.24%
to
finish
at
its
highest
level
since
August
2022,
while
the
Nasdaq
Composite
rose
0.36%
to
end
at
its
highest
close
in
2023.
The
Dow
Jones
Industrial
Average
ticked
10.42
points
higher,
or
0.03%,
pressured
by
health
stocks
Merck
and
UnitedHealth.
Seven
major
S&P
sectors
finished
Tuesday’s
session
with
gains.
The
financial
sector
added
1.3%,
boosted
by
regional
banking
stocks
and
bellwethers
like
Goldman
Sachs
and
Morgan
Stanley.
Tuesday’s
uptrend
trailed
last
week’s
blowout
rally.
However,
continued
modest
gains
instead
of
sharp
pullbacks
after
a
major
upswing
could
signal
more
good
news
ahead,
said
Adam
Sarhan,
CEO
of
50
Park
Investments.
“The
fact
that
it
refuses
to
fall
to
me
is
extremely
bullish,”
he
said.
“Normally,
after
a
big
run
up,
you
see
a
market
pullback,
and
when
the
market
doesn’t
pull
back
and
goes
sideways,
that
to
me
is
very
bullish.”
A
light
period
for
economic
data
continues
ahead
of
next
week’s
Federal
Reserve
policy
meeting,
with
trade
balance
data
due
out
before
the
bell
Wednesday.
Earnings
from
Campbell
Soup
and
GameStop
are
also
on
deck.
