US stock futures settled at the start of trading for the new week, after the Dow Jones closed at a record high above 40,000 points.
Dow Jones futures were slightly up less than 0.1%, while Nasdaq and S&P 500 futures were marginally lower.
Last week, the Dow Jones Industrial Average ended trading on Friday, May 17, at a record high above 40,000 points, achieving a five-week winning streak.
The Dow Jones rose 0.34% to end the week at 40,003 points. The S&P 500 rose 0.12% to 5,303 points. The Nasdaq fell slightly by 0.07% to 16,685 points.
Stocks ended the week on a strong note, with the Dow Jones Industrial Average up 1.2% for its fifth straight weekly gain. The S&P 500 and Nasdaq are up 1.5% and 2.1% for the week so far, their longest winning streaks since February.
On Thursday, the Dow Jones hit an intraday high of 40,051.05, above the psychologically important 40,000 level, before retreating to end the day down 0.1%.
This week’s rally has helped push all three indexes into positive territory for the second quarter despite a rocky start. The S&P 500 and Nasdaq are now up more than 11% in 2024, while the Dow Jones is up more than 6% this year.
