Futures Flat; Dow to Open Near 16K


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U.S. stock-index futures were little changed Friday, a day after the Dow closed above the 16000 mark for the first time in history.

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Today's Markets

As of 8:00 a.m. ET, Dow Jones Industrial Average futures rose 5 points, or 0.03%, to 15981, S&P 500 futures fell 0.25 point, or 0.01%, to 1794 and Nasdaq 100 futures climbed 1.5 points, or 0.04%, to 3402.

It only took the blue-chip average 139 days to add 1000 points after closing at the 15000  on May 7. The markets have rallied in a big way this year, with the broader S&P 500 tacking on close to 26% this year.

The economic calendar is completely bare on the day. However, Federal Reserve governor Daniel Tarullo is set to speak in the afternoon. Traders have been paying close attention to remarks by Fed officials to determine their views on on monetary policy, although, this particular speech isn't expected to contain any policy hints.

In corporate news, Nike (NYSE:NKE) boosted its dividend by 14%. Gap (NYSE:GPS), meanwhile, reported a 9% increase in its quarterly profit. Microsoft (NASDAQ:MSFT) is rolling to its Xbox One on the day as it looks to compete with Sony's (NYSE:SNE) PlayStation 4.

In commodities, U.S. crude oil futures fell 4 cents, or 0.05%, to $95.39 a barrel. Wholesale New York Harbor gasoline dipped 0.11% to $2.741 a gallon. In metals, gold rose $2.10, or 0.16%, to $1,246 a troy ounce.