Stock Market Today: Futures Little Changed After Nasdaq Closes at Fresh Record

Stock futures were little changed Wednesday after the tech-focused Nasdaq Composite registered its second consecutive record-high close, as oil prices and Treasury yields wavered.

Nasdaq 100, S&P 500, and Dow Jones Industrial Average futures all were within 0.1% of the flatline in recent trading.

Yesterday, the Nasdaq Composite set intraday and closing records, finishing up 0.5% as tech stocks surged. The blue-chip Dow declined 0.4% as financial services firms struggled, while the benchmark S&P 500 ended essentially flat.

Roundhill’s Memory ETF (DRAM) and the broader iShares Semiconductor ETF (SOXX) were down about 1% apiece before the bell after surging the first two sessions this week. Memory stocks Sandisk (SNDK) and Micron Technology (MU) both edged lower after surging a respective 7% and 5% yesterday. President Donald Trump is expected to discuss AI when he meets with Chinese leader Xi Jinping in Washington on Thursday.

Shares of Magnificent Seven mega-cap tech stock Meta Platforms (META) were up about 1% premarket. CEO Mark Zuckerberg is slated to speak at the social media company’s conference at 7 p.m. ET tonight. His remarks, which may include updates on Meta’s AI strategy, will be streamed. The Roundhill Magnificent Seven ETF (MAGS) was roughly 0.5% higher before the bell.

Oil prices edged lower Wednesday, a day after the U.S. and Iran spoke at the United Nations conference but Trump also threatened to “annihilate” the Middle East nation. U.S. benchmark West Texas Intermediate prices were 0.8% lower at $89.75 a barrel in recent trading, while Brent crude futures, the international benchmark, were 0.2% lower at $99.

The 10-year Treasury yield, which serves as a benchmark for a wide range of interest rates, including those for mortgages, corporate bonds, and other loans, was at 4.96% in recent trading, down one basis point from Tuesday’s close.

Bitcoin was trading around $85,800, down slightly over the past 24 hours. The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, was up 0.3% at 100.85. Gold futures slipped 0.5% to $4,385 an ounce.

Elsewhere, shares of Six Flags (FUN) surged 7% following a report in The Wall Street Journal that activist investor Jana Partners urged the operator of amusement parks to explore a sale.

Companies set to report quarterly results Wednesday include Cracker Barrel Old Country Store (CBRL), General Mills (GIS), and Cintas (CTAS).

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