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S&P 500 Futures Steady Near 7,525 After Record 7,501 Close

On May 15, S&P 500 futures held near 7,525 following the benchmark's first close above 7,500 at 7,501.25 (+0.77%) on May 14. The index advanced from a record 7,413 on May 11, a minor dip to 7,412.84 on May 12, and 7,444.25 on May 13 despite hotter PPI. The surge was fueled by Nvidia's 4.39% jump to a $235.74 ATH on China H200 clearance, Cisco's 16.5% earnings-driven gain, Cerebras' 68.3% IPO debut, and resilient retail sales, outweighing yields near 4.47%.

Category

US 500

Sentiment

Bullish

Event

Price milestone

Reading time

1 min