Nasdaq-100 Futures Jump 1.3% as S&P 500 Gains 0.4% After Record Dow Week
Updated
Updated · CNBC · Jul 5
Nasdaq-100 Futures Jump 1.3% as S&P 500 Gains 0.4% After Record Dow Week
3 articles · Updated · CNBC · Jul 5
Summary
Nasdaq-100 futures rose 1.3% and S&P 500 futures added 0.4% late Sunday, while Dow futures slipped 28 points after Wall Street’s strong week.
Last week’s rally broadened beyond chip stocks: the Dow climbed nearly 2% to record highs, while the S&P 500 and Nasdaq gained 1.8% and 2.1% even as the VanEck Semiconductor ETF fell 3.2%.
Asia-Pacific markets opened mixed as investors reassessed AI-driven trades—Japan’s Nikkei was flat, South Korea’s Kospi rose 0.61%, and Australia’s S&P/ASX 200 fell 0.23%.
Fed minutes from the June meeting, the first chaired by Kevin Warsh, are due Wednesday and could shape the next leg for equities already pushing toward new highs.
The S&P 500 closed at 7,483.24, about 7% below 8,000, a level Fundstrat’s Mark Newton says the index could reach by mid-August.