NEW
YORK,
NEW
YORK
–
JANUARY
22:
Traders
work
on
the
floor
of
the
New
York
Stock
Exchange
during
afternoon
trading
on
January
22,
2024
in
New
York
City.
The
Dow
Jones
and
S&P
both
hit
all
time
highs
with
the
Dow
Jones
closing
over
38,000
points
for
the
first
time
ever
as
stocks
continue
to
rise.
(Photo
by
Michael
M.
Santiago/Getty
Images)
Michael
M.
Santiago
|
Getty
Images
News
|
Getty
Images
Stock
futures
were
little
changed
Thursday,
following
a
fresh
record
close
for
the
S&P
500
and
strong
quarterly
results
from
Adobe.
Futures
tied
to
the
broad
market
index
slipped
0.05%,
while
Nasdaq
100
futures
ticked
up
by
0.03%.
Dow
Jones
Industrial
Average
futures
inched
down
by
0.07%,
or
29
points.
In
extended
trading,
software
giant
Adobe
leapt
15%
after
fiscal
second-quarter
results
surpassed
Wall
Street
estimates.
Adobe
also
raised
its
full-year
guidance,
making
the
company
a
standout
compared
to
peers
in
the
software
space
that
are
citing
headwinds
tied
to
macroeconomic
trends.
Stocks
are
coming
off
a
winning
session
that
saw
the
S&P
500
notch
its
fourth-straight
record
close.
The
technology-heavy
Nasdaq
Composite
also
ended
the
session
at
a
record.
Wholesale
inflation
unexpectedly
ticked
down
by
0.2%
last
month,
while
economists
polled
by
Dow
Jones
expected
the
gauge
to
increase
by
0.1%.
That
follows
a
consumer
price
index
reading
that
was
flat
on
a
monthly
basis
in
May.
“I
think
the
soft
landing
is
still
intact,
but
I
think
there’s
starting
to
be
and
could
be
jitters
about
[if]
the
Fed
is
staying
restrictive
for
too
long,”
BD8
Capital
Partners
CEO
Barbara
Doran
told
CNBC’s
“Closing
Bell:
Overtime”
on
Thursday.
“The
market
on
the
surface
is
expensive
at
21
times
earnings,
but
as
we
know,
that’s
a
handful
of
stocks
[and]
if
you
take
that
out
of
the
S&P
500,
it’s
a
lot
cheaper,”
she
added.
“The
question
now
is
breadth.”
Market
breadth
measures
the
number
of
stocks
that
are
rising
versus
those
that
are
falling.
Hopes
for
a
continued
cooling
of
inflation
have
boosted
equities
this
week.
The
S&P
500
and
Nasdaq
Composite
are
on
pace
to
end
the
week
higher.
The
S&P
500
has
climbed
1.6%,
while
the
Nasdaq
has
added
3.1%.
The
30-stock
Dow
is
the
lone
laggard
with
a
0.4%
decline.
Elsewhere,
shares
of
electric
vehicle
maker
Tesla
traded
marginally
higher
after
the
company’s
shareholders
approved
a
contentious
$56
billion
pay
package
for
CEO
Elon
Musk.
