U.S. Index Futures Little Changed as VIX Ends Declining StreakBy
U.S. index futures were little changed, signaling a pause for equities at a record, as volatility rose for the first time in seven days.
S&P 500 contracts expiring in June lost 0.1 percent to 2,410.25 at 5:57 a.m. in New York. The benchmark rose for a sixth session on Thursday amid gains in consumer discretionary and technology shares. Contracts on the Dow Jones Industrial Average fell 21 points to 21,042 on Friday, while the CBOE Volatility Index snapped its longest losing streak in ten months.
- While the VIX climbed 1.1 percent on Friday, it remains 35 percent below a one-month high reached last week amid turmoil surrounding Donald Trump’s presidency.
- In focus on Friday will be data on first-quarter U.S. economic growth. The release is forecast to show an improvement from an earlier estimate. Also due is a report on durable goods.
- Oil advanced after yesterday’s slump spurred by investor disappointment over OPEC’s deal that failed to move beyond cuts flagged days earlier.
- Trading volume may be lower than usual ahead of a long weekend in the U.S. and the U.K., both of which have holidays on Monday.