Trader on the New York Stock Exchange, June 2, 2021.
US stock futures were flat on Wednesday night after a quiet day of trading.
Futures for the Dow Jones Industrial Average rose 8 points or less than 0.1%. The futures on the S&P 500 and Nasdaq 100 also rose slightly.
During regular trading hours, the 30-share Dow rose 25.07 points to close at 34,600.38. The S&P 500 and Nasdaq Composite also ended the day up 0.14%.
“It’s unclear whether this week’s flat S&P 500 index is a continuation of the easing of the holiday week malaise seeping into May through June, or just part of a broader return to normal (ish) summer,” said Chris Hussey of Goldman Sachs, “Whatever the cause, markets remain sluggish, especially after the capital markets bonanza and procyclical reflation / recovery deals that drove price action through May.”
Energy stocks were the biggest winners on Wednesday: Occidental Petroleum rose 4.1%, Diamondback Energy rose 2.5% and Marathon Oil rose 1.4%. The broad Energy Select Sector SPDR ETF rose 2.1%.
The market, which is focused on the link between inflationary pressures and US business reopening, could be exposed ahead of the release of the vacancy report on Friday, which is expected to show 671,000 additional non-farm payrolls in May, compared to the 266,000 jobs, that were added the month before, according to economists polled by Dow Jones.
The AMC trading frenzy continued Wednesday, with stocks rising more than 95% before close and an additional 7% after hours. Others got on the meme stick train, including Bed Bath & Beyond, which closed 62% higher, as well as Blackberry, whose shares are up nearly 32%. GameStop was up 33.2%.