Today’s stock market: real-time updates

U.S. stock futures were flat Monday evening after the S&P 500 and Nasdaq Composite posted their longest winning streaks since 2024.

Dow Jones Industrial Average futures were trading nearly flat. S&P 500 futures were up 0.02% and Nasdaq 100 futures were up 0.08%.

In after-hours trading, the major indices saw another day of gains. The S&P 500 rose nearly 1% and the Nasdaq rose 1.4%. Both indices rose for the eighth consecutive trading day, the first time the S&P 500 has risen since November 2023. This is also the longest rising cycle for the Nasdaq since December 2023.

Since the beginning of the month, the major indexes have rebounded as market volatility has dropped significantly. CBOE Volatility Index It is currently at 14.7, having breached 65 on August 5. Strong retail sales data and a soft inflation report released last week helped ease investor concerns about the economy.

This week, investors are gearing up for the Federal Reserve’s annual Jackson Hole economic symposium, where Fed Chairman Jerome Powell is scheduled to speak Friday morning. Wall Street is seeking insight into how much the central bank might lower interest rates at its September meeting.

The Fed wants to show “that they are at the top of the curve, not behind it. But at the same time, they don’t want to be too aggressive in removing pressure before the fire is out,” said Sam Stovall, chief investment strategist at CFRA Research.

“The real question is not just when, but how much,” Stovall added. Fed futures funds are pricing in a 77.5% chance that central bank policymakers will cut rates by a quarter point in September, according to the CME Group’s FedWatch tool.

The Fed will also release minutes from its most recent meeting on Wednesday.