Traders work on the floor at the New York Stock Exchange on June 24, 2024.
During Tuesday's main trading session, the broad market index rose 0.62% to close above 5,500 for the first time.
U.S. stock futures traded near the flatline Wednesday morning after the S&P 500 closed above 5,500 for the first time.
As the S&P 500 continues to climb, concern is growing across Wall Street that the narrow leadership of the rally is not sustainable for much longer.
The New York Stock Exchange closes early at 1 p.m.
Persons:
Jerome Powell, Scott Chronert, Chronert
Organizations:
New York Stock Exchange, Nasdaq, Dow, Paramount Global, Wall Street, The New York Times, Skydance Media, Federal Reserve, Citi Research, P Global U.S, Services, ISM, The New York Stock Exchange, Independence
Locations:
U.S