Traders
walk
the
floor
during
morning
trading
at
the
New
York
Stock
Exchange
on
May
14,
2024.
Spencer
Platt
|
Getty
Images
S&P
500
futures
are
near
flat
Monday
night
after
a
winning
day
on
Wall
Street
as
investors
gear
up
for
May
retail
sales
data.
Futures
linked
to
the
broad
market
index
inched
higher
by
0.05%,
while
Nasdaq
100
futures
ticked
down
by
0.07%.
Dow
Jones
Industrial
Average
futures
rose
59
points,
or
0.15%.
Those
moves
follow
a
positive
session
on
Wall
Street
that
propelled
the
S&P
500
higher
by
nearly
0.8%,
while
the
Nasdaq
Composite
finished
with
a
gain
of
almost
1%.
Both
indexes
reached
all-time
highs
during
the
session
and
closed
at
records.
The
30-stock
Dow
advanced
about
0.5%
to
end
four
days
of
losses.
“Investors
are
basically
feeling
the
trend
is
my
friend
until
it
ends,”
said
Sam
Stovall,
chief
investment
strategist
at
CFRA
Research.
“They
don’t
really
see
anything
at
this
point
that
is
going
to
cause
this
upward
move
to
end.”
Tech
stocks
performed
well
in
the
session,
helping
the
tech-heavy
Nasdaq
outperform
and
aiding
the
broader
S&P
500’s
rise.
Notably,
Broadcom
climbed
more
than
5%,
while
Apple
jumped
around
2%.
Nvidia
touched
an
all-time
intraday
record
as
State
Street
said
the chipmaker
would
likely
see
a
weighting
of
more
than
20%
in
the
rebalance of
its
popular
exchange-traded
fund
focused
on
tech.
But
the
stock
rolled
over,
ending
the
day
down
0.7%.
Despite
that
pullback,
shares
are
still
up
nearly
165%
on
the
year.
Looking
ahead,
investors
will
closely
watch
retail
sales
data
for
May
due
Tuesday
morning
for
insights
into
the
health
of
the
consumer.
Economists
polled
by
Dow
Jones
forecasted
growth
of
0.2%
from
April.
Other
economic
reports
on
topics
like
industrial
production
and
business
inventories
are
also
expected
in
the
morning.
Several
Federal
Reserve
officials
including
Boston
Fed
President
Susan
Collins
and
Richmond
Fed
President
Tom
Barkin
are
expected
to
speak
at
events
across
the
country
throughout
the
day.
