Stock futures are little changed as S&P 500 heads for winning week: Live updates

Wall Street is coming off a winning day, following a jump in chipmakers and falling oil prices.

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U.S. stock futures were little changed Thursday night, with the S&P 500 and Nasdaq Composite each headed for a winning week.

Dow Jones Industrial Average futures fell by 43 points, or 0.08%. S&P 500 futures and Nasdaq 100 futures dipped 0.05% and 0.01%, respectively.

Wall Street is coming off a winning session. The Nasdaq Composite rose 1.3% on Thursday, while the S&P 500 gained 0.8%. The 30-stock Dow also closed higher by 0.3%.

Stocks rallied, aided by cooling oil prices after President Donald Trump said that Iran called to make a deal. Qatar and Pakistan are trying to bring Washington and Tehran back into negotiations, officials from the countries told MS Now.

A rally in chipmakers also helped bolster the major averages, with many investors remaining hopeful that strong earnings growth can help the stock market broaden out beyond tech and continue its upward advance.

“I think it continues to be an earnings-led market,” Ed Yardeni, president of Yardeni Research, told CNBC’s “Closing Bell” on Thursday. “Everybody’s looking for reasons to worry about it, whether it’s AI fatigue or whatever. But the reality is, you can’t beat earnings as long as they keep going up.”

Investors are awaiting the U.S. listing of SK Hynix on Friday. The South Korea chipmaker, which exploded higher this year on the massive demand for memory, is pricing its American depository receipts at $149 each, according to Bloomberg, which cited a person familiar.

Stocks are headed for a mixed week. As of Thursday’s close, the Nasdaq Composite was higher by 1.5%, while the S&P 500 had gained 0.8%. The Dow alone was lower by 0.8%.

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WD-40 Company shares jump

Shares of the maker of household and industrial lubricants rallied 15% Thursday night. WD-40 Company posted third quarter results that beat expectations on the top and bottom lines, and hiked its full year guidance.

WD-40 Company posted third quarter earnings of $2.33 per share, on an adjusted basis, which topped the $1.56 earnings per share expected by analysts polled by FactSet. Revenue of $195.1 million also exceeded the anticipated $172.8 million.

It also raised earnings guidance to the range of $6.05 to $6.35 per share, higher than prior guidance of $5.75 to $6.15. Revenue expectations were also raised to the range of $675 million to $690 million, compared to previous guidance in the range of $630 million to $655 million.

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22 Min Ago

Stock futures open little changed

U.S. stock futures opened little changed on Thursday night.

Dow Jones Industrial Average futures fell by 36 points, or 0.07%. S&P 500 futures and Nasdaq 100 futures dipped 0.04% and 0.02%, respectively.

— Sarah Min

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