Dow Futures Show Stability Following Index's Strongest Performance in 2023: Live Updates

Money | July 17, 2024, 12:14 a.m.

After an impressive rally on Tuesday, Dow futures are set to rise following the best day for the 30-stock index since June 2023. Despite small decreases in S&P 500 and Nasdaq 100 futures, the overall market sentiment remains positive. However, after-hours trading saw some companies facing challenges, such as Five Below's stock plummeting 10% due to a leadership shakeup. Despite this, small-cap stocks have been on the rise since the June consumer price index report, with investors shifting focus towards smaller companies. The market rally is expected to broaden beyond just technology giants, with optimism around potential interest rate cuts benefiting smaller companies. As traders anticipate quarterly earnings reports from United Airlines, Discover Financial Services, Johnson & Johnson, and U.S. Bancorp, market watchers are eagerly awaiting the release of the Fed's Beige Book and housing data for June.