Traders
work
on
the
floor
at
the
New
York
Stock
Exchange
(NYSE)
in
New
York
City,
U.S.,
May
8,
2024.
Brendan
Mcdermid
|
Reuters
U.S.
stock
futures
were
little
changed
on
Thursday
night
after
the
Dow
Jones
Industrial
Average
posted
its
longest
win
streak
going
back
to
December.
Futures
linked
to
the
30-stock
Dow
rose
by
49
points,
or
0.1%.
S&P
500
futures
climbed
0.09%,
while
Nasdaq
100
futures
gained
0.1%.
Wall
Street
is
coming
off
a
positive
session
for
the
major
averages.
The
blue-chip
Dow advanced
0.85%,
registering
a
seventh
straight
day
of
gains
in
the
benchmark’s
best
showing
since
a
nine-day
win
streak
in
December.
The S&P
500 gained
0.51%,
closing
above
5,200
for
the
first
time
since
early
April.
Meanwhile,
the Nasdaq
Composite rose
0.27%.
Investors
have
been
more
optimistic
lately
after
the
Federal
Reserve
indicated
the
next
move
is
unlikely
to
be
a
hike,
pointing
to
a
cap
on
interest
rates
that
could
be
bullish
for
equities.
A
strong
earnings
season,
as
well
as
some
softer
labor
data,
have
also
bolstered
confidence
in
the
stock
outlook.
“What’s
important
in
all
of
this
context
is,
‘are
we
in
the
early
stages
of
a
long-term
bull
market
or
not?'”
Chris
Hyzy,
chief
investment
officer
of
Merrill
and
Bank
of
America
Private
Bank.
“It
feels
comfortable
saying
it
on
a
day
like
this,
but
we
are,
in
our
opinion.”
Stocks
were
on
pace
for
a
winning
week
as
of
Thursday’s
close.
The
Dow
has
gained
1.8%.
The
S&P
500
and
the
Nasdaq
Composite
were
higher
by
1.7%
and
1.2%,
respectively.
A
slate
of
central
bank
officials
are
scheduled
to
speak
Friday,
including
Fed
presidents
Lorie
Logan
of
Dallas,
Neel
Kashkari
of
Minneapolis
and
Austan
Goolsbee
of
Chicago.
Fed
Governor
Michelle
Bowman
will
also
make
an
appearance.
On
the
economic
front,
May
consumer
sentiment
data
that’s
due
out
Friday
is
expected
to
ease
slightly
to
76.0,
down
from
77.2.