This week on Wall Street, investors are awaiting several key economic data releases. On Thursday morning, data on initial jobless claims, housing starts, building permits, and the Philadelphia Federal Reserve’s manufacturing survey will be released. Friday will bring the release of services and manufacturing PMI data as well as existing home sales figures.
Despite the anticipation of this data, stock futures were relatively unchanged on Wednesday. However, investors are still hopeful for a positive end to the trading week after the S&P 500 recently reached a new record high. Futures linked to the S&P 500 increased by 0.05%, Nasdaq 100 Futures rose by 0.2%, and Dow Jones Industrial Average Futures gained 41 points or 0.2%.
Overall, this week will be crucial for investors as they analyze the economic data releases to gain insight into the state of the economy. The stock market’s performance in response to this data will likely determine the direction of trading for the rest of the week. Stay tuned for updates on how these economic indicators impact Wall Street’s performance.
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https://www.cnbc.com/amp/2024/06/19/sp-500-futures-were-little-changed-as-wall-street-looks-for-nvidia-to-keep-leading-market.html