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Home>U.S. stocks set to catch their breath after record run, but Tesla jumps

U.S. stocks set to catch their breath after record run, but Tesla jumps

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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