Stock futures are little changed after S&P 500 sets record above 7,800, heads for winning week: Live updates

Stock futures were little changed on Thursday night after a record-setting session, with two of the three major benchmarks on pace for their third consecutive weekly advance.

S&P 500 futures traded just above the flatline along with Nasdaq-100 futures. Dow Jones Industrial Average futures rose just 25 points.

The S&P 500 on Thursday hit an intraday all-time high of 7,816.70. The benchmark also closed at a record.

The tech and communication services sectors were among the big winners in the index, rising roughly 1% each.

“The market is appropriately bullish right now,” Anastasia Amoroso, chief investment strategist at Partners Group, told CNBC’s “Closing Bell” in an interview, noting the strength in corporate earnings.

With more than 90% of S&P 500 companies having posted second-quarter results, earnings growth from the year-earlier period is tracking around 50%, according to FactSet.

Amoroso also noted that software has “rallied and rebounded … I think the market came to the realization that maybe we did not appropriately price in those risks.” Indeed, the iShares Expanded Tech-Software Sector ETF (IGV) is up around 28% over the past six months after tumbling more than 24% in the first quarter. IGV climbed more than 3% on Thursday.

Thursday’s gain put the S&P 500 and Nasdaq Composite on pace for their third straight weekly advances. Heading into Friday’s session, the former is up 0.5%, while the latter has advanced 0.4%. The Dow, meanwhile, is down 0.4% week to date.

There are no major earnings due Friday, but investors will have a look at July retail sales figures at 8:30 a.m. ET. Economists on average expect sales grew by 0.1% month over month, according to Dow Jones.