U.S. Stock futures remained relatively unchanged on Thursday night in an t in Holiday-Shortened Week, and the Nasdaq Composite was set to conclude a seven-month winning streak.
However, the Dow Jones Industrial futures increased only 10 points. S&P 500 futures and Nasdaq-100 futures were trading slightly above the flatline.
Stocks are currently on track to have a losing month as they resume trading on Friday. The pullback in tech shares has dragged on the key averages in November, with skepticism regarding the future profitability of AI firms.
However, there are some investors who are optimistic that the fall this month will signal a year-end boost in the key averages as they jump into purchasing shares that have been over-punished at attractive valuations.
The Dow and the S&P 500 had fallen marginally lower on the week, both of them bound to break a six-month streak of gains, by the end of Wednesday. The Nasdaq dropped 2 percent, in a bid to end a seven-month streak of gains.
The stocks are on track to close a winning week at the end, after turning around the tech names. By the end of Wednesday, the Dow had increased by more than 2 percent.
The S&P 500 and the Nasdaq Composite had increased by 3 percent and 4 percent, respectively. Therefore, the stock market remained closed on Thursday for Thanksgiving Day. It will close early at 1 p.m. ET on Friday.
