Traders on the floor of the New York Stock Exchange
Source: New York Stock Exchange
US stock futures barely changed on Wednesday night after the S&P 500 closed the first trading session of the month near the flatline.
Dow Jones Industrial Average futures rose 5 points, or 0.01%. The futures on the S&P 500 and Nasdaq 100 gained 0.03% and 0.04%, respectively.
Stocks of ChargePoint, the maker of charging systems for electric vehicles, rose more than 13% in expanded trading after reporting excellent quarterly results. Pet retailer Chewy and youth-focused retailer Five Below were down 10% and 9%, respectively, following the release of their quarterly results.
In the regular trading session, the Dow fell 48.20 points, or 0.1%, to 35,312.53. The S&P 500 ended the day near the flat line, gaining just 1.41 points, or 0.03%, to 4,524.09 points. The Nasdaq Composite rose 0.3% to 15,309.38, a record close.
"The relentless uptrend in low volatility in US equities continues, and with breadth, volume positioning and sentiment measures in our opinion all positive, we expect the rally to expand to new highs," Credit Suisse said in a press release from Wednesday.
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Energy stocks fell during the day as oil and gas prices continued to rise and Hurricane Ida shut down oil production and refining operations. These losses were offset by gains in utility and real estate stocks.
Small-cap stocks made bigger moves, with the Russell 2000 Index gaining 0.6% on Wednesday, up from 2.1% in August. Analysts and investors say the move in small caps is linked to an up move in value stocks.
US companies created fewer jobs than expected in August, according to ADP's private payroll data released Wednesday. That did little to move the stock markets, but it did flatten bond yields.
Investors await the weekly initial jobless claims report on Thursday and the Labor Department's non-farm payroll report on Friday, which could provide clues as to Fed policy.
Chipmaker Broadcom is expected to publish its quarterly results after Bell Thursday.