Stock index futures muted day after S&P 500, Nasdaq scale record closing highs

Stock index futures were little changed on Thursday, a day after the S&P 500 and Nasdaq touched record highs. S&P 500 futures ( SPX ) -0.1% , Nasdaq 100 futures ( US100:IND ) -0.1% , and Dow futures ( INDU ) -0.1% . The 10-year Treasury yield ( US10Y ) rose 3 basis points to 4.21%. The 2-year yield ( US2Y ) rose 1 basis point to 4.16%. Major equity averages ended at record highs on Wednesday, fronted by climbing shares for Salesforce ( CRM ) and other tech companies, while Federal Reserve Chair Jerome Powell made upbeat remarks about the world's largest economy. "Jerome Powell signaled that the Federal Reserve would react to rather than pre-empt any consumer taxes imposed by U.S. President-elect Donald Trump via tariffs. That should allow U.S. interest rates to continue to decline in the first half of next year," UBS' Paul Donovan said. "It’s been a very eventful 24 hours for markets, with the French government losing a no-confidence vote for the first time since 1962, alongside ongoing political uncertainty in South Korea and some hawkish-leaning comments from Powell," Deutsche Bank's Henry Allen said. "But despite everything that’s happening, risk assets have been broadly unphased by the various developments," Allen added. Bitcoin ( BTC-USD ) also crossed the 100K milestone on Wednesday. On the economic side, the November challenger job cuts and the initial jobless claims reports are due. The latter is expected to rise to 215K. The two labor data come just a day ahead of the November nonfarm payrolls report. The Fed balance sheet is due later in the day. More on markets Positive Earnings Trends Heading Into 2025, S&P 500 Price Targets Rolling In The S&P 500 Is No Longer The Low-Risk Bet On America Biggest Winners And Losers Since The Election