U.S. stock futures showed mixed signs on Thursday after the S&P 500 ended the first trading session of the September month close to the flatline.
Dow Jones Industrial Average futures were trading lower by 40 points. Nasdaq 100 futures were also trading close to the flatline.
In the regular trading session, the Dow lowered by 48.20 points. The S&P 500 ended the day close to the flat line, gaining just 1.41 points. The Nasdaq Composite increased 0.3%, hitting a record close.
“The relentless march higher on low volatility in U.S. equities continues and with breadth, volume positioning and sentiment measures all positive in our view we look for the rally to extend further into new highs yet,” Credit Suisse said in a note on Wednesday.
Energy stocks decreased during the day as oil and gas prices continue to increase, with Hurricane Ida causing shut down of oil production and refining operations. Those losses were compensated by gains in utility and real estate stocks.
Moreover, U.S. companies created lesser jobs in August than expected, as per the report on Wednesday by ADP private payrolls.
