U.S. stock futures showed a slight decline on Thursday night, yet traders are gearing up to conclude the week on a hopeful note. Futures linked to the Dow Jones Industrial Average dipped by 70 points, or 0.16%, while S&P 500 and Nasdaq 100 futures both dropped 0.18%.
In after-hours trading, home furnishings retailer RH saw a significant boost, surging by 19% after reporting first-quarter adjusted earnings that far exceeded Wall Street expectations. The company also announced a strategic shift in sourcing away from China in response to changing tariff policies.
Earlier in the day, both the Dow and the Nasdaq Composite experienced gains of 0.2% during regular trading hours. The broader S&P 500 climbed nearly 0.4%, inching closer to its all-time high from February and now sitting less than 2% away from that record. Contributing to this upward momentum was the May producer price index, which reported a modest gain of 0.1% from the previous month, falling short of economists’ predictions for a 0.2% increase. Additionally, a decrease in bond yields helped bolster investor sentiment, further supported by a recent consumer inflation report that came in cooler than expected.
Despite these positive indicators, concerns over the Biden administration’s tariff strategies continue to temper market gains. treasury Secretary Scott Bessent indicated that the administration might consider extending the current 90-day tariff pause beyond its July 9 deadline, contingent on “good faith” negotiations with major trading partners. However, President Donald Trump hinted at the potential for unilateral tariffs, revealing plans to send letters to countries such as Japan and South Korea to outline forthcoming trade deals, similar to his previous actions with the European Union.
As the week nears its conclusion, stocks remain on track for solid gains. The S&P 500 is up nearly 0.8%, while the Nasdaq Composite is anticipated to increase by about 0.7%. The Dow is also expected to post a 0.5% gain, putting all three indices on pace for their third consecutive positive week.
Looking ahead, investors are keenly awaiting the preliminary June reading of the University of Michigan’s consumer sentiment report. This data point could provide further insights into consumer attitudes and economic conditions as the market navigates a complex landscape influenced by both domestic policies and international relations.
With both optimism and caution in play, traders will be closely monitoring these developments as they prepare for what could be a pivotal week for the markets.
Original Source: https://www.cnbc.com/2025/06/12/stock-market-today-live-updates.html
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Publish Date: 2025-06-13 04:04:00
