On June 24, 2024, the New York Stock Exchange saw a positive trading day with the broad market index closing above 5,500 for the first time. The Nasdaq Composite and the Dow also saw gains during the session. Paramount Global shares surged in after-hours trading following reports of a potential acquisition. The stock futures traded flat on Wednesday with concerns mounting about the sustainability of the market's narrow rally leadership. Federal Reserve Chair Jerome Powell indicated that rate cuts are not imminent despite progress in reducing inflation. Scott Chronert of Citi Research warned of a possible market pullback in the coming months. Economic data releases scheduled for Wednesday include private payrolls, jobless claims, trade deficit balance, and PMI readings. The NYSE closes early for Independence Day, with anticipation for the release of the FOMC meeting minutes in the afternoon.