
Traders on the New York Stock Exchange floor on February 13, 2025.
Danielle DeVries | CNBC
In early Wednesday trading, stock futures remained mostly stable following a positive session for the market.
Futures for the Dow Jones Industrial Average increased by 38 points, remaining just above the neutrality point. Meanwhile, S&P futures and Nasdaq 100 futures rose by 0.09% and 0.13%, respectively.
In after-hours trading, data center firm Arista Networks experienced a drop of 4%, despite reporting quarterly earnings and revenue that surpass Wall Street estimates along with optimistic guidance. Shares of Bumble dropped approximately 18% following disappointing guidance for the first quarter, while homebuilder Toll Brothers declined nearly 5% after missing earnings and revenue expectations.
Investors are coming off a trading session where the S&P 500 reached a new record high, despite ongoing worries about persistent inflation and President Donald Trump’s trade policies. The index has remained close to its peak since the beginning of the year.
On Tuesday, the broad market index increased by 0.24%, closing at 6,129.58 after reaching an intraday high of 6,129.63 shortly before the day ended. The tech-focused Nasdaq Composite moved up by 0.07%, finishing at 20,041.26, while the Dow Jones Industrial Average gained 10 points, or 0.02%, reaching 44,556.34.
“This year, the stock market’s strength has been remarkable as investors remain steadfast amid growing negative sentiment surrounding tariffs and inflation concerns,” stated Craig Johnson, chief market technician at Piper Sandler, in a Tuesday report. “We anticipate that market conditions will continue to fluctuate as investors shift their focus towards ‘down-cap’ companies while dealing with declining Treasury yields, weakening crude oil prices, and a decrease in the U.S. dollar.”
