Stocks gave back early gains following a weaker-than-expected update on U.S. manufacturing and a Supreme Court ruling with major implications for the 2024 election. The Dow was down 16 points, or less than 0.1%. The Nasdaq Composite was up 0.1%.
U.S. stock futures were rising on Friday as the market neared the end of the first half of the year. Before celebrations of a blistering six months, key inflation data lie in the day ahead that could shift the needle on interest-rate expectations. S&P 500 futures advanced 0.3% with contracts tracking the tech-heavy Nasdaq Composite up 0.4%.
That didn't take long. The stock market turned higher in the first fifteen minutes of trading on Thursday. The Dow Jones Industrial Average was up 40 points, or 0.1%. The S&P 500 was up 0.2%, while the Nasdaq Composite was up 0.