U.S. Index Futures Little Changed With S&P 500 at Record
U.S. stock futures were little changed, after the Standard & Poor’s 500 Index closed above 2,000 for the first time, as Tiffany & Co. (TIF) climbed while Smith & Wesson Holding Corp. slumped on earnings projections.
Futures on the S&P 500 (SPX) expiring in September rose less than 0.1 percent to 1,999 at 8:30 a.m. in New York. Dow Jones Industrial Average contracts added 12 points, or 0.1 percent, to 17,109 today.
“U.S. markets continue to defy geopolitical worries,” Richard Hunter, the head of equities at Hargreaves Lansdown Plc in London.
The S&P 500 has climbed 0.6 percent over the past two days, closing at 2,000.02 yesterday, after data added to signs the economy is strengthening.
There are no major economic reports today.
Three rounds of Federal Reserve stimulus and optimism that central banks will continue to support economic growth, along with record corporate earnings, have helped the S&P 500 almost triple from its March 2009 low. Rallies from Brazil to Japan and the U.S. gauge’s first trip above 2,000 sent the value of global equities to a record $66 trillion.
Source: bloomberg
