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wrote a post12/30/2021 16:39

Stock futures are flat after Dow, S&P 500 close at record

U.S. stock index futures were little changed during overnight trading Wednesday after the S&P 500 and Dow Jones Industrial Average closed at new records.

Futures contracts tied to the Dow Jones Industrial Average inched higher, while S&P 500 futures were unchanged. Nasdaq 100 futures were slightly lower.

During regular trading on Wednesday the S&P 500 advanced 0.14% to its 70th record close of the year. This is the second highest number of record closes for the benchmark index during a calendar year, trailing just 1995′s 77 record closing highs.

The Dow rose 90 points, or 0.25%, to also close at a record — its first since November. The 30-stock benchmark saw its sixth straight positive session. The Nasdaq Composite, however, declined 0.1%. Chip stocks came under pressure, with AMD, Xilinx and Nvidia all declining at least 1%.

Travel-related stocks also slid amid ongoing Covid-19 concerns, with the NYSE Arca Airline Index dipping 2.5%.

On the flip side, a number of consumer stocks rose to new all-time highs during the session, including Domino’s Pizza, McDonald’s, Yum Brands, Costco and Procter & Gamble.

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