U.S. stock futures rose slightly Thursday night, as traders watched to see if the S&P 500 will tumble into bear market territory.
U.S. stock futures rose slightly Thursday night, as traders watched to see if the S&P 500 will tumble into bear market territory. S&P 500 futures traded 0.2% higher, while Nasdaq 100 futures gained 0.4%. Futures tied to the Dow Jones Industrial Average advanced 55 points, or 0.2%. Those moves came after another downbeat day on Wall Street. The Dow and Nasdaq, meanwhile, dipped 0.8% and 0.3%, respectively. The S&P 500 fell 0.6% and is now 18.6% below a record closing high set in early January. The index is also more than 19% below an intraday all-time high reach earlier this year. At those levels, the benchmark index is within a stone’s throw of entering a bear market — defined by many on Wall Street as a 20% drop from a 52-week high. Stocks have been under pressure this week — with the S&P 500 and Nasdaq each losing more than 3% and the Dow falling 2.9% — as the latest quarterly figures from big-box retailers such as Walmart and Target raise concern about the health of the consumer and the ability for companies to deal with decades-high inflation.
