Traders work at the New York Stock Exchange on June 23, 2025.
NYSE
Futures tied to the S&P 500 and the Nasdaq 100 hit record highs Friday, mounting a stunning comeback from the lows set in April.
This comes ahead of a data deluge, including inflation numbers, with the market overcoming a wall of worries that includes tariff fights, wars and sticky inflation.
S&P 500 futures climbed 0.11% to hit 6,202.00 at 12:55 am Eastern Time, breaking the intraday all-time high hit in late February of 6,147.43. Nasdaq 100 futures rose 0.11%, while the Dow Jones Industrial Average futures added 62 points, or 0.14%.
The Nasdaq Composite jumped nearly 1%, also coming within striking distance of a fresh record. The Dow popped about 0.14%.
“The markets were in a sense of stasis,” said Rick Rieder, BlackRock’s chief investment officer for global fixed income, on CNBC’s “Closing Bell.” “There is so much money that wants to come into the market that didn’t for a while. And I just think if you don’t have any negative news, the natural gravitational pull is across all these assets.”
Those gains have pushed the Dow and S&P 500 up more than 2% this week. The Nasdaq has jumped more than 3%.
Investors will watch Friday for data from the May reading of personal consumption expenditures price index due in the morning. Economists polled by Dow Jones expect the index to tick 0.1% higher on the month and 2.3% from a year ago. So-called core PCE is slated to rise 0.1% from April and 2.6% from 12 months earlier.
Beyond the inflation reading, traders will also monitor data on personal income, consumer spending and consumer sentiment.
