U.S. stock futures inched higher Sunday night, with the market once again on the cusp of all-time highs ahead of a week of key inflation reports.
Dow Jones Industrial Average futures rose by 56 points, or 0.09%. S&P 500 futures and Nasdaq 100 futures climbed 0.1% and 0.1%, respectively.
Those moves come after the Nasdaq Composite ended last week at fresh closing highs, and the S&P 500 closed on the threshold of another milestone. The Dow also finished the week on a high note. A rally in Apple shares — which have been a significant laggard this year — helped bolster the market.
The latest advance has some investors wondering how much longer the stock market can skirt pitfalls, given sky-high valuations, a dimming macroeconomic outlook, tariff fallout, and seasonal weakness that has many investors cautious on the market.
“We are probably going to be more in a digestion phase than anything else,” said Jay Woods, chief global strategist at Freedom Capital Markets. He added, “We may get a little bit of sideways action in this market, which is not a bad thing.”
