Stock futures open flat after S&P 500 snaps two-day winning streak

Stock futures open flat after S&P 500 snaps two-day winning streak

Stock futures opened flat in overnight trading after the market's comeback rally hit a speedbump on Wednesday. Futures on the Dow Jones Industrial Average added 29 points, or 0.07%. S&P 500 futures ticked 0.07% higher and Nasdaq 100 futures edged up 0.09%. The S&P 500 snapped a two-day winning streak Wednesday, closing the regular session 0.1% lower. The Dow also shed 71.34 points, or 0.2%. Meanwhile, the Nasdaq Composite gained 0.1% to squeeze out another record closing high. Eight out of 11 S&P 500 sectors closed in the red, led by utilities, which dropped 1.1%. However, energy names like , and rose as oil prices continued to climb. Technology names like and also closed higher. Despite Wednesday's hiccup, the three major indexes are up more than 1% this week, rallying from a sell-off last week after the Federal Reserve heightened inflation expectations and forecast rate hikes as soon as 2023. Comments from Fed Chair Jerome Powell during a Congressional testimony Tuesday , which seemed to soothe market sentiment. "Beneath the optimism, markets are at risk of becoming complacent – and vulnerable to shocks. Any signal that interest rates and bond yields could rise, even in the absence of pronounced inflationary