United States stock futures edged higher on Wednesday night (Thursday AEDT) after the S&P 500 and Nasdaq Composite refreshed all-time highs, extending the market’s recent winning streak.
By 9:20 am AEDT (10:20 pm GMT), Dow futures were up 0.04%, while S&P 500 and Nasdaq 100 futures each gained 0.1%.
The S&P 500’s rise on Wednesday marked its eighth winning session in the past nine. The Nasdaq Composite climbed more than 1%, closing above 23,000 for the first time. The Dow Jones Industrial Average, meanwhile, ended slightly lower as blue-chip stocks lagged behind the broader rally.
Nvidia helped limit broader market losses, advancing more than 2% after CEO Jensen Huang told CNBC that computing demand has “gone up substantially” this year.
With the ongoing U.S. government shutdown curtailing federal data releases, Thursday’s economic calendar is expected to be quiet.
However, investors will closely watch remarks from Federal Reserve Chair Jerome Powell, who is scheduled to speak at a community banking conference.
Several other Fed officials, including Michelle Bowman and Mary Daly, are also set to deliver speeches later in the day.
The commentary follows the release of the Fed’s September meeting minutes, which revealed divisions among policymakers over the appropriate path for future rate cuts.
On the corporate front, traders will look to earnings reports from Delta Air Lines and PepsiCo before the market opens, seeking further insight into consumer spending trends and inflation’s impact on corporate margins.