On Thursday, the S&P 500 futures showed very little movement, which was not surprising given that the benchmark index had reached previously unheard-of levels during the previous session. In accordance with the Nasdaq-100 futures, futures associated with the broad index remained close to the flatline throughout the trading day. Expectations for the Dow Jones Industrial Average in the futures did not change in any way.

Following a reported increase in total net sales for the five-week period ending October 5 compared to the same time the previous year, Costco’s shares enjoyed a surge of more than one percent during the premarket trading on the stock market. Additionally, comparable sales performed very well. With the gain that occurred on Wednesday, the S&P 500 accomplished its eighth consecutive day of success out of the previous nine. An boost of more than one percent was seen in the Nasdaq Composite, which is heavily weighted toward technology. As a result, it crossed the 23,000 level for the very first time in its whole history. Blue-chip stocks underperformed throughout the trading session, which resulted in the Dow finished the session just below the flatline.

However, Nvidia was able to contribute to the capabilities of the 30-stock index to contain losses. The company’s shares experienced an uptick of more than 2% after Jensen Huang that the demand for computers had “gone up substantially” this year. Kevin Mahn, made the following statement “Closing Bell Overtime : There are reasons to be optimistic ahead, but I wouldn’t be surprised to see some more volatility. When that volatility arises, capital will be drawn from the sidelines.” Because of the ongoing closure of the federal government, there were no noteworthy economic data releases on Thursday. This can be attributed to the shut down. Investors will pay particular attention to the remarks made by Federal Reserve Chair Jerome Powell during the morning at a community bank conference.

Additionally, they will pay attention to the statements made by other Fed officials such as Michelle Bowman and Mary Daly throughout the daylong event. Recent appearances come after the minutes from the Federal Reserve’s most recent policy meeting were made public. These minutes revealed that different people had different perspectives regarding the path that interest rates will take in the future.