Stock futures are little changed after Dow closes above 42,000 for the first time: Live updates

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Traders enactment connected the level of the New York Stock Exchange (NYSE) connected the archetypal trading time of 2024 connected January 02, 2024 successful New York City.

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Stock futures flickered adjacent the flatline Thursday nighttime aft the S&P 500 and the Dow Jones Industrial Average closed astatine caller records, bolstered by enthusiasm implicit the Federal Reserve's involvement complaint cut.

Futures tied to the S&P 500 inched little by 0.03%. Dow futures added 22 points, oregon 0.05%, portion Nasdaq 100 futures slipped 0.1%.

Shipping behemoth FedEx pulled backmost 10% successful extended trading aft the institution slashed the apical extremity of its full-year net outlook and trimmed its gross guidance. Nike surged much than 9% aft announcing that CEO John Donahoe will measurement down from his post connected Oct. 13.

Stocks surged during Thursday's regular session, with the S&P 500 rising 1.7% to adjacent implicit the 5,700 level for the archetypal time. The 30-stock Dow ended the time much than 500 points higher to station its first-ever adjacent supra 42,000. Both indexes besides registered all-time highs during the day. The Nasdaq Composite precocious 2.5%.

Unemployment data, on with the Fed's half-point complaint chopped connected Wednesday, seemed to bolster investors' sentiment. Initial jobless claims, which came successful astatine 219,000 for the week of Sept. 14, were little than expected and showed a diminution from the anterior week.

"The archetypal economical information constituent since the 'jumbo' complaint chopped should delight the Fed," said Chris Larkin, managing manager of trading and investing for E-Trade from Morgan Stanley. "Lower-than-expected jobless claims won't rise immoderate contiguous concerns astir the labour marketplace slowing excessively much."

The Fed's Wednesday determination marked the archetypal complaint chopped since 2020.

The 3 large averages are connected gait for play gains, with the S&P 500 up astir 1.6% done Thursday's close. The Dow is toting a 1.5% leap connected the week, portion the Nasdaq is outperforming with a 1.9% advance.