Stocks Flat After 5-Day Streak
Stock futures were little changed Wednesday as Wall Street looked to extend a strong start to the week.Futures for the Dow Jones Industrials index poked ahead 22 points, or 0.1% to 42,254Futures for the S&P 500 index pointed upward 11.25 points, or 0.2%, to 5,915.75Futures for the NASDAQ gained 72.5 points, or 0.4%, to 21,350.50. The S&P 500 has now turned positive for the year, as Wall Street breathes a sigh of relief after the U.S. and China on Monday announced a 90-day reduction on tariffs.Tech names were among the big winners in Tuesday’s regular session, with the sector rising more than 2%. Nvidia jumped more than 5% on news the semiconductor giant would send more than 18,000 of its artificial intelligence chips to Saudi Arabia.The latest leg of the market rebound has seen blue-chip stocks build solid winning streaks.Apple has risen in four back-to-back sessions, while Amazon has notched five straight positive days. Outside of technology, Goldman Sachs has also climbed in five consecutive sessions, while Disney’s winning streak has hit six days.In Japan, the Nikkei 225 index handed back 0.1% Wednesday, while in Hong Kong, the Hang Seng gained 2.3%. Oil prices fell 86 cents to $62.81 U.S. a barrel. Gold prices dulled $7.30 to $3,240.50 U.S. an ounce.
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