Thursday’s session in the S&P 500 index futures surged back toward all-time highs, with bulls charging relentlessly and sellers offering scant resistance.
Overnight, action was quiet, with bulls holding firm at 6454.50. Morning ADP employment numbers spooked some investors, sparking a brief pre-open dip, but the regular session still kicked off in the green. Soon after, August’s ISM Services data came in, beating expectations and helping to trigger a small sell-off. Bulls found support near unchanged, igniting a fierce rally that followed.
Fedspeak throughout the day didn’t deter a persistent bid, propelling the index futures toward its all-time high with little resistance. The session closed near the day’s high at 6510.75, up a solid 53.50 handles, with after-hours trading nudging closer to the all-time peak, topping out at 6516.75.
Friday brings August’s jobs report at 8:30 AM ET, with no major earnings on tap.
Amazon.com Inc (NASDAQ: AMZN) snagged the biggest win among top components, soaring $9.69, or 4.29%, to close at $235.68, boosted by Project Kuiper and Anthropic developments.
That outpaced the cash index’s 0.84% gain by a fabulous five times.
No top components posted losses, leaving Microsoft Corp (NASDAQ: MSFT) as the smallest gainer, climbing $2.62, or 0.52%, to close at $507.97.
