US pre-open: S&P 500 continues to hover near all-time high
By Iain Gilbert
Date: Thursday 26 Jun 2025
(Sharecast News) - Wall Street futures were in the green ahead of the bell on Thursday as the S&P 500 continued to hover near its all-time high.
As of 1245 BST, Dow Jones futures were up 0.22%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.28% and 0.43% firmer, respectively.
The Dow closed 106.59 points lower on Wednesday as traders digested ongoing newsflow from the Middle East, as well as uncertainty regarding the Federal Reserve's next policy decision.
Thursday morning's pre-market moves come as the S&P 500 sits within 1% of its February record, with the index bouncing back as trade pressures and tensions in the Middle East both seemed to have eased somewhat.
Trade Nation's David Morrison said: "US stock index futures ticked higher early on Thursday, led by the tech-heavy Nasdaq. Investor risk appetite picked up a notch following yesterday's lacklustre session.
T"he Israeli-Iranian ceasefire has continued to hold, although President Trump continued to criticise both nations for allegedly violating the agreement, making it clear he remains "not happy" with either party. Representatives from the US are expected to meet with their Iranian counterparts next week. Investors will be paying close attention, and hoping for signs of meaningful diplomatic progress concerning Iran's nuclear ambitions. Meanwhile, investor focus has shifted away from the Middle East, and back towards tariffs, trade and the prospect for looser monetary policy from the US Federal Reserve. President Trump has continued to fire broadsides at the Federal Reserve Chair, Jerome Powell. Mr Trump has made his displeasure with Mr Powell abundantly clear, accusing him of keeping interest rates too high."
On the macro front, the Chicago Federal Reserve's May national activity index will be released at 1330 BST, as will weekly jobless claims figures, last month's durable goods report and the latest revision to Q1 GDP, while May pending home sales were slated for release at 1500 BST and the Kansas Fed's June manufacturing activity report will follow at 1600 BST.
In terms of earnings, Walgreens and Nike were both due to report earnings on Thursday.
Reporting by Iain Gilbert at Sharecast.com
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