Stock futures are flat after S&P 500 closes at another record high

Stock futures held steady in early morning trading on Friday as the S&P 500 seeks to end a winning week on a high note. Futures on the Dow Jones Industrial Average rose just 20 points. S&P 500 futures and Nasdaq 100 futures both hovered above the flatline. Shares of Disney jumped more than 5% in after-hours trading after the media giant reported blowout fiscal third-quarter earnings, crushing Wall Street expectations on subscriber growth, revenue and earnings.

Airbnb shares fell more than 4% after the travel company issued a warning about volatility due to the Covid delta variant. The blue-chip Dow and the S&P 500 are on track to close out a winning week after gaining 0.8% and 0.6%, respectively, through Thursday at record highs. The tech-heavy Nasdaq Composite underperformed this week, down 0.1%.

Investors digested mixed economic data on Thursday. Weekly jobless claims came in at 375,000 last week, matching estimates and declining for a third straight week. Meanwhile, the producer price index, excluding volatile food, trade services and energy components, rose 0.9% last month versus a forecast for a 0.5% gain.

Stock futures are flat after S&P 500 closes at another record high, CNBC, Aug 13