economy
Stock futures are little changed after the S&P 500 closes at another record: Live updates
The S&P 500 and Nasdaq Composite rose to fresh intraday and closing records on Tuesday.
TL;DR
- US stock futures were little changed after the S&P 500 and Nasdaq Composite reached new record highs.
- Zscaler shares fell 19% after forecasting revenue below expectations, and Insulet shares dropped 8% due to a medical device correction.
- Micron Technology shares surged, contributing to the tech sector's rally.
- SK Hynix reached a $1 trillion market capitalization due to strong demand for AI chips.
- Samsung Electronics shares increased by 7% after workers approved a wage deal, averting a strike.
- Japanese and South Korean stock indices hit fresh record highs, influenced by AI chip demand and easing geopolitical tensions.
- An equity strategist expressed caution about further stock market gains, citing higher yields and inflation expectations.
- Melius Research increased Dell's price target to $380, anticipating strong performance ahead of earnings.