Live Updates: S&P 500 Futures Dip as Index Celebrates Third Straight Winning Day

Traders on the New York Stock Exchange felt the buzz of activity recently, especially after the U.S. and China reached a temporary deal to ease their trade war. This caused the S&P 500 to rise, but futures trading showed a slight dip of 0.2% as the market opened.

In after-hours trading, Foot Locker’s stock surged over 60% after reports hinted at a potential $2.3 billion deal with Dick’s Sporting Goods. On the other hand, shares of UnitedHealth dropped 8% due to news of an investigation by the Justice Department into possible wrongdoing.

Market confidence increased after Treasury Secretary Scott Bessent’s discussions with Chinese officials, which seemed to prevent a slump in the economy. The S&P 500 recently gained, showing a steady performance, while the tech-heavy Nasdaq Composite also saw a rise, marking its sixth consecutive winning day.

Major tech companies have performed impressively. Nvidia and Tesla both rose more than 16%, and Meta Platforms added about 11.3%. The Nasdaq Composite is up 6.8% this week, followed by the S&P 500 at 4.1%, and the Dow Jones at 1.9%.

Why these gains? Recent consumer inflation data showed slower-than-expected price increases, which boosted market sentiment. Inflation rose by only 0.2% in April, lower than the expected 0.3%.

Looking ahead, traders are eager for more data releases, including producer price indexes and retail sales figures. Such indicators can offer further insights into the economy’s health and guide market expectations.

Experts suggest that keeping an eye on economic trends can help investors navigate potential risks. Historical patterns show that when inflation rises, it often results in market adjustments.

For more detailed insights, you can check the latest reports from Reuters.

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