S&P 500 futures are little changed after index notches back-to-back closing records: Live updates
Stock futures are near flat Tuesday night as investors wondered if the S&P 500 could continue trading around all-time highs with big tech earnings kicking off.
Dow Jones Industrial Average futures gained 46 points, or 0.1%. S&P 500 futures sat near flat, while Nasdaq 100 futures ticked down 0.1%.
Those moves follow a second straight day concluding at a high for the S&P 500, which inched up 0.06% in the session. Tuesday marked the 11th closing record of 2025 for the benchmark index. The 30-stock Dow climbed nearly 180 points in the session. The tech-heavy Nasdaq Composite, on the other hand, fell about 0.4% as chip stocks took a hit.
“There’s not a lot of optimism,” said Ryan Detrick, chief market strategist at Carson Group, on CNBC’s “Closing Bell.” But, “we said there’d be a summer rally. It wasn’t popular. It’s happening. We think it’s not over yet,” he added.
Investors are awaiting earnings from Alphabet and Tesla expected Wednesday after the bell. They are the first reports of the earnings season from the megacap technology sector, a group that’s been closely watched given its market leadership in recent years.
Beyond big tech, investors will also monitor reports from Hasbro before the bell, followed by Chipotle Mexican Grill and Mattel after the market closes. These releases come amid a busy earnings week. Of the approximately 17% of S&P 500 companies that have reported so far this season, about 85% have posted earnings that surpassed Wall Street’s expectations.
On the economics front, traders will follow existing home sales data due Wednesday morning.
See the stocks moving after hours
These are some of the stocks making notable moves after hours:
- Texas Instruments — The maker of analog and embedded processing chips tumbled more than 9% after second-quarter sales and earnings topped Wall Street estimates, while the low end of third-quarter guidance fell short. The stock had soared 46% over the past three months before the results.
- CoStar Group — Shares of the online real estate marketplace rose 1% after the company reported better-than-expected earnings for the second quarter. CoStar earned 17 cents per share, excluding items, on $781.3 million in revenue, while analysts polled by FactSet anticipated 14 cents per share and $772.2 million in revenue.
- Enphase Energy — Shares slid more than 5%. Despite earnings for the second quarter topping Wall Street expectations, the company said to expect current-quarter revenue between $330 million and $370 million versus a consensus estimate of $368 million from analysts polled by LSEG.
Click here for the full list.
— Alex Harring
Stock futures are near flat
Stock futures tied to the Dow, S&P 500 and Nasdaq 100 were all little changed shortly after 6 p.m. ET.
— Alex Harring