S&P 500 futures are little changed as index nears all-time high: Live updates
S&P 500 futures were near flat Wednesday as investors watched to see if the benchmark index could return to its all-time high.
Futures tied to the broad index traded marginally higher, whileDow Jones Industrial Average futuresslipped 12 points.Nasdaq 100 futureswere up 0.1%.
The S&P 500jumpedmore than 1% in Tuesday's session asoil prices fellon bets that the ceasefire between Iran and Israel could last. With that gain, the index now sits less than 1% off its record high.
TheNasdaq Compositealso popped more than 1%, while theDowrallied more than 500 points. TheNasdaq 100added 1.5% to end at a record closing level. Oil prices have cratered over the past two days, withWest Texas Intermediate crude futuresdropping 6% Tuesday. These declines have helped lift stocks.
The Israel-Iran conflict marks the latest obstacle the market has seemingly shaken off this year. Traders hoped thata delicate ceasefirebetween the two nations — announced by President Donald Trump — would hold. Even as investors worry about variables like a resurgence of inflation tied to tariffs and the strength of the consumer, U.S. stocks have continually rebounded from dips over recent months.
"The market continues to drive higher," said Joe Terranova, senior managing director for Virtus Investment Partners, onCNBC's "Halftime Report.""I use the world 'resiliency'; I will use that word over and over again because this is one of the most resilient markets that I have ever witnessed."
Investors will watch Wednesday for data on new home sales due in the morning. They'll also monitor Federal Reserve Chair Jerome Powell as he speaks before theSenate Banking Committee.
On the earnings front, traders will follow quarterly reports fromGeneral Mills,PaychexandMicron.
How far are the major averages from their record highs
The Nasdaq-100 on Tuesday posted a fresh record close, while other major benchmarks moved within striking distance of their all-time highs. Here's where the others stand relative to their record levels:
— Fred Imbert
Nasdaq 100 notches new record close
TheNasdaq 100notched a record closeon Tuesday. That marked the index's first all-time closing high since February.
The index is up about 4% in June, on track for its third positive month in a row. It has rallied more than 15% this quarter, which would mark its biggest quarterly gain since 2023.
— Alex Harring, Christopher Hayes
See the stocks moving after hours
These are the stocks moving after hours:
— Alex Harring
Stock futures are near flat
Futures tied to the Dow, S&P 500 and Nasdaq 100 were all little changed shortly after 6 p.m. ET Tuesday night.
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