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Home>MARKET SNAPSHOT: U.S. Stocks Set To Catch Their Breath After Record Run, But Tesla Jumps

MARKET SNAPSHOT: U.S. Stocks Set To Catch Their Breath After Record Run, But Tesla Jumps

MARKET SNAPSHOT: U.S. Stocks Set To Catch Their Breath After Record Run, But Tesla Jumps

10/04/2017

By Victor Reklaitis, MarketWatch

Tesla's stock rises in premarket action after Nomura starts coverage with buy rating and price target of $500

U.S. stock futures on Wednesday pointed to little change at the open, putting the Dow on track to take a breather after its five-session climb to never-before-seen levels.

What stock benchmarks are doing

S&P 500 futures edged down by 1.55 points, or less than 0.1%, to 2,531.25, while Dow Jones Industrial Average futures inched lower by 5 points to 22,603.00. Nasdaq-100 futures dipped by 5.25 points to 5,992.75.

On Tuesday, the S&P 500 , Dow and Nasdaq Composite posted gains that ranged from 0.2% to 0.4% and logged all-time closing highs for a second day in a row (http://www.marketwatch.com/story/sp-500-on-track-for-6th-win-in-a-row-as-stock-futures-edge-higher-2017-10-03).

What could drive markets?

ADP's private-sector jobs report for September is due at 8:15 a.m. Eastern Time. It comes ahead of the government's monthly release on nonfarm payrolls that is scheduled for Friday.

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