Traders
work
on
the
floor
of
the
New
York
Stock
Exchange
during
morning
trading
on
February
14,
2024
in
New
York
City.
Michael
M.
Santiago
|
Getty
Images
Stock
futures
are
were
little
changed
on
Thursday
night
as
investors
attempt
to
carry
forward
the
broader
market’s
strong
momentum.
Futures
tied
to
the
Dow
Jones
Industrial
Average
slipped
27
points,
or
0.07%.
S&P
futures
inched
up
0.03%,
while
Nasdaq
100
futures
added
37
points,
or
0.2%.
Several
stocks
reporting
quarterly
results
posted
major
moves
in
after-hours
trading.
Shares
of
food
delivery
service
DoorDash
dropped
8.5%
on
a
wider-than-expected
loss,
while
digital
advertising
company
Trade
Desk
popped
about
18.9%
after
topping
analysts’
fourth-quarter
revenue
estimates
and
offering
an
upbeat
outlook
for
the
first
quarter.
Shares
of
semiconductor
equipment
maker
Applied
Materials
also
jumped
12%
on
positive
earnings
results.
Investors
have
spent
the
week
assessing
the
direction
of
the
U.S.
economy,
particularly
after
this
week’s
hotter-than-expected
inflation
data
and
a
surprisingly
steep
decline
in
January
retail
sales,
which
may
indicate
further
weakness
in
consumer
spending.
The
three
major
indexes
ended
Thursday’s
trading
session
in
the
green,
with
the
S&P
500
notching
yet
another
record
high,
maintaining
its
level
above
5,000.
So
far
this
week,
the
broad
market
index
is
up
by
less
than
0.1%.
The
Dow,
meanwhile,
is
0.3%
higher
for
the
week
after
raking
in
its
biggest
one-day
loss
since
March
2023
on
Tuesday.
The
Nasdaq,
however,
is
lower
by
0.53%.
Investors
are
also
eyeing
Treasury
yields,
which
fell
on
Thursday.
“It
is
not
all
bad
news,”
Adam
Turnquist,
chief
technical
strategist
for
LPL
Financial,
said
about
the
yield
levels.
“Market
expectations
and
Federal
Reserve
(Fed)
monetary
policy
projections
have
become
closer
aligned,
alleviating
a
source
of
market
volatility.
Furthermore,
better-than-expected
economic
data
has
been
a
driving
force
of
the
market’s
repricing
of
rate
cuts,
reducing
the
likelihood
of
a
hard-landing
scenario.”
Producer
price
index
data,
which
measures
prices
on
final
demand
items,
will
be
released
Friday
morning.
