Dow Jones Today: Stock Futures Flat After 3 Straight Days of Gains for S&P 500, Nasdaq as Investors Await Economic Data, Trade News

Stock futures are hovering near unchanged Thursday morning as investors prepare for the release of key economic reports and await further developments on the global trade front.

Futures tied to the Dow Jones Industrial Average, the S&P 500 and the tech-heavy Nasdaq were each up less than 0.1% recently. The S&P 500 and Nasdaq Composite enter the day on three-day winning streaks, though the gains have been modest over that stretch, while the Dow fell slightly on Wednesday to close lower for the first time in five sessions.

Stocks have rebounded from their early-April lows—the S&P 500 and Nasdaq in May recorded their biggest monthly gains since November 2023—as concerns have subsided about President Donald Trump’s tariff strategy, while corporate earnings and economic data have remained strong in the face of ongoing uncertainty about where trade policy is headed. Market participants are looking for signs of progress on the trade deals the White House has said it is negotiating, ahead of deadlines for hefty tariffs to be reimposed.

On the economic calendar today, traders will be keeping a close eye on weekly jobless claims figures, as well as reports on the trade balance and productivity that are due this morning. The big economic event of the week comes Friday morning, when the May jobs report is scheduled for release.

Shares of the world’s largest technology companies, which have been at the forefront of the recent rally, were mixed in premarket trading Thursday. Tesla (TSLA) dropped 2%, after falling nearly 4% yesterday, as CEO Elon Musk continues criticizing the massive tax and spending bill currently before Congress. Nvidia (NVDA) and Apple (AAPL) were down slightly, while Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOG), Meta Platforms (META) and Broadcom (AVGO) moved higher. Broadcom is due to release its quarterly results after the closing bell Thursday.

MongoDB (MDB) shares soared 16% this morning after the database software company reported better-than-expected results amid booming AI-related demand.

The yield on the 10-year Treasury note, which affects borrowing costs on all sorts of consumer and business loans, was at 4.34% this morning, down from 4.37% at yesterday’s close and trading at its lowest levels in a month. The U.S. dollar index, which measures the performance of the dollar against a basket of foreign currencies, was holding steady at 98.80.

Bitcoin was little changed from its late-Wednesday levels, trading at $104,900. The digital currency is down from its record high of around $112,000 set two weeks ago.

Gold futures were up 0.5% at $3,420 an ounce, trading at their highest levels since early May, while West Texas Intermediate futures, the U.S. crude oil benchmark, rose 0.5% to $63.05, rebounding from a decline of more than 1% yesterday.