Dow Jones Industrial Average
already in record territory and threatening to cross 12,000, traders appear to want a bit more evidence for betting on blue chips before they'll push the index to another milestone.
Futures were pointing to a neutral open in the New York sessions Friday, a day after the Dow finished above 11,900 for the first time ever, led by gains in
futures were down 0.8 points to 1369.90 and were in line with fair value. Nasdaq 100 futures were slipping 1 point to 1731.75 and were less than a point beneath fair value.
On Thursday, the industrials continued to make history, rising 95.57 points, or 0.81%, to 11,947.70. Of the 30 stocks on the index, 21 advanced. The S&P 500 rose 12.88 points, or 0.95%, to 1362.83, its best level in nearly six years, and the
was up 37.91 points, or 1.64%, at 2346.18.
Ahead of the last session of the week, the story of the morning was
, whose third-quarter earnings edged past Wall Street's targets. Guidance from the conglomerate was in line with estimates for the year.
GE made $5.06 billion, or 49 cents a share, from continuing operations for the quarter ended Sept. 30, up from $4.59 billion, or 43 cents a share, last year. Sales rose 12% year over year to $40.86 billion.
Earnings season started this week with reports from the likes of
, and next week the pace of profit reports will quicken considerably.
To view Farnoosh Torabi's video take on today's market, click here