'S&P 500 Futures Show Minimal Movement as Investors Anticipate May Retail Sales Report: Latest Updates'

Money | June 18, 2024, 4:43 a.m.

On May 14, 2024, traders at the New York Stock Exchange were optimistic as S&P 500 futures remained steady following a successful day on Wall Street. Investors eagerly awaited May retail sales data, with futures for the S&P 500 inching up by 0.03% and Nasdaq 100 futures rising by 0.2%. However, Dow Jones Industrial Average futures dipped slightly by 0.03%. The positive momentum from the previous session saw the S&P 500 and Nasdaq Composite hitting all-time highs and closing at record levels. The Dow Jones Industrial Average also saw a 0.5% increase after four consecutive days of losses. Sam Stovall, chief investment strategist at CFRA Research, noted that investors were riding the wave of the upward trend until signs of a reversal appeared, as there were currently no indicators to suggest an end to the bullish market sentiment.