Stock futures are little changed as S&P 500 nears new record high: Live updates

Stock futures were comparatively unchanged connected Wednesday arsenic the S&P 500 remains wrong striking region of its all-time high.

S&P 500 futures traded astir the flatline, arsenic did Nasdaq 100 futures and futures tied to the Dow Jones Industrial Average.

Shares of Micron saw gains successful extended trading aft the semiconductor manufacturing company's fiscal third-quarter results topped estimates. The institution besides issued an upbeat outlook for the existent period. Analysts had taken a bullish stance connected the chipmaker anterior to the results and pointed to its beardown show successful the precocious bandwidth representation (HBM) market.

The moves travel aft the S&P 500 finished Wednesday's league flat, portion the Nasdaq Composite roseate 0.3% and the Dow Jones Industrial Average dropped 106.59 points, oregon 0.3%. The 3 indexes are inactive connected gait for a affirmative week, and the S&P 500 remains little than 1% from its February record.

But immoderate connected Wall Street are skeptical that the caller marketplace momentum volition transportation on.

"The assorted macro factors that I'm looking astatine look to suggest that there's nary mode this concern tin continue," Komal Sri-Kumar, president of Sri-Kumar Global Strategies, said connected CNBC's "Power Lunch" Wednesday, citing the Israel-Iran struggle arsenic good arsenic President Donald Trump's tariffs and the interaction of the "One Big Beautiful Bill Act" connected the fiscal deficit.

Tensions successful the Middle East seemed to beryllium calming aft Trump said Tuesday that a ceasefire betwixt Israel and Iran was successful effect. Though the president accused some countries of violating the agreement, saying he's "not happy" with either of them, the woody has since appeared to hold. The U.S. is planning to conscionable with Iran adjacent week.

Investors are besides gearing up for May's idiosyncratic depletion expenditures terms scale reading, owed retired Friday morning. Federal Reserve Chair Jerome Powell said Tuesday that its preferred ostentation measurement is likely to emergence to 2.3%, portion the halfway measurement that excludes nutrient and vigor is expected to tick up to 2.6%. That's up from the header speechmaking of 2.1% and 2.5% for the halfway successful April. However, Powell inactive stressed that the cardinal slope is committed to keeping ostentation nether power successful the look of "uncertain" effects of Trump's tariffs connected the economy.

"You're going to person a pickup successful the complaint of ostentation … and I deliberation that is going to beryllium reflected during the 2nd fractional of this year, with yields going up," Sri-Kumar continued. "That is going to beryllium antagonistic for [the] Nasdaq successful particular, and I deliberation [the] S&P is not going to beryllium escaped from being attacked by that either."

Elsewhere connected the economical front, investors are eyeing play jobless claims data, which is slated for merchandise astatine 8:30 a.m. ET connected Thursday.

Wall Street is besides looking up to different net results. Walgreens is acceptable to study earlier the doorbell Thursday, and Nike is scheduled for merchandise aft the closing bell.