Stock market today: Live updates

[Pelican Press 0]

Stock market today: Live updates

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 16, 2023. 

Brendan Mcdermid | Reuters

Stock futures climbed Thursday as Wall Street attempted to recover its footing following another losing session for the S&P 500 and the Nasdaq Composite.

Futures tied to the S&P 500 added 0.3%, as did Nasdaq-100 futures. Dow Jones Industrial Average futures were up by 81 points, or 0.2%.

Credit bureau Equifax declined more than 9% in premarket trading on disappointing second-quarter guidance. Homebuilder D.R. Horton advanced almost 3% after quarter financials topped expectations.

Those moves come after the S&P 500 and the Nasdaq Composite registered their fourth consecutive losing session Wednesday as Nvidia and other technology names struggled. The 30-stock Dow fell for its seventh session in eight.

Wednesday’s market pullback adds to a more difficult second quarter on Wall Street. All three major indexes are lower so far in April, in stark contrast to the stronger-than-expected market performance seen in the first quarter. The Dow, S&P 500 and the Nasdaq have also closed below their respective 50-day moving averages.

“The initial support for the S&P on that breakdown was 5000 or just below,” JPMorgan head of technical strategy Jason Hunter said on “Closing Bell” Wednesday. “Now the question is: Does a bounce develop from there … and if it does, is it able to get back above the breakdown levels — the 50-day moving average, the area where it gapped down from?” He said he’s watching the 5,150 to 5,200 level of the S&P 500 as key resistance.

On the economic front, initial jobless claims data will be due on Thursday morning, and the existing home sales report for March is also out.

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