U.S. stock futures traded within a tight range on Wednesday night after major indices retreated from record highs during the regular session.
By 7:00 pm ET (11:00 pm GMT) Dow futures slipped 0.1%, S&P 500 futures inched up 0.1%, and Nasdaq 100 futures gained 0.3%.
In extended deals, Micron Technology surged 14.5% in following optimistic guidance for the upcoming quarter and better-than-expected fiscal fourth-quarter results.
Other semiconductor-related stocks, including Applied Materials and Lam Research, also climbed 4% following the release.
During regular trading hours, both the S&P 500 and the Dow retreated from record highs. The S&P 500 closed down 0.19%, while the Dow lost 0.70%, snapping its winning streak. The Nasdaq Composite managed a slight gain, rising by 0.04%.
Despite the day's losses, the Dow, S&P 500, and Nasdaq remain on track for positive gains in September.
Looking ahead, traders are focused on Thursday’s key economic reports, including the weekly jobless claims and the final second-quarter GDP reading.
Economists expect 223,000 initial unemployment claims for the week ending September 21.
Several Federal Reserve officials, including Chair Jerome Powell and New York Fed President John Williams, are also scheduled to speak.
Additionally, CarMax and Accenture will report earnings before the market opens on Thursday, with Costco Wholesale set to release its results later in the day.
