S&P 500 hits all-time high; Wall Street futures slip Monday
Mon, August 17, 2026 at 2:35 PM GMT+3 2 min read
U.S. stock futures were in the red Monday morning, as Wall Street came off a third straight week of advances for the S&P 500, which notched a record close last week.
Dow Jones Industrial Average futures were off 108 points, equivalent to a 0.2% decline. S&P 500 futures lost 0.17% and Nasdaq 100 futures shed 0.28%. However, contracts tied to the Nasdaq 100 and S&P 500 showed more mixed signals in other readings, with E-Mini S&P 500 contracts up 0.11% and E-Mini Nasdaq 100 contracts gaining 0.49%, while the E-Mini Dow slid 0.18%.
A strong second-quarter earnings season has lifted investor sentiment. Weaker retail sales figures and a benign inflation report have together pulled down the probability traders assign to a Fed rate increase next month, according to The Wall Street Journal.
Rory McPherson, chief market strategist at Wren Sterling, pointed to the shift in rate expectations as a driver of recent tech gains. "You've had the shift in interest rate expectations which feeds into some of those tech names," McPherson told CNBC's "Squawk Box Europe" on Monday, adding that the move helps explain the rally in tech after a quiet July.
Trading calendars look comparatively light this week, though one notable event arrives Wednesday when the Federal Reserve publishes the record of its July policy deliberations. The retail sector will also command attention, as Home Depot steps up Tuesday, Lowe's follows Wednesday, and Walmart and Target round out the reporting schedule later in the week. On the data calendar, the August Empire State manufacturing index and the NAHB Housing Market Index for August are among the releases drawing attention.
Crude prices edged up as the Middle East conflict showed no signs of resolution. Brent crude rose 0.68% to $89.12 a barrel. The stock market has continued to climb despite ongoing hostilities in the region.
Overseas, Chinese equities finished the session up by more than 1%, even as subsequent data pointed to a slowdown in the country's economic momentum last month, according to The Wall Street Journal. Tokyo's Nikkei index also advanced. The U.S. 10-year Treasury yield stood at 4.689%.
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