U.S. stock futures traded near flat Wednesday morning after the S&P 500 closed above 5,500 for the first time.
Futures for the Dow Jones Industrials eked ahead seven points to 39,695.
Futures for the S&P 500 fell four points, or 0.1%, at 5,564.75.
Futures for the NASDAQ Composite let go of 13.75 points, or 0.1% to 20,241.50.
Paramount Global shares popped more than 15% in pre-market trading. That follows reports from The Wall Street Journal and The New York Times that Skydance Media has reached a preliminary agreement to buy National Amusements, the entertainment giant’s controlling shareholder.
Tesla added 2% before the bell on Wednesday, continuing to rally after a better-than-expected deliveries report. This put the electric vehicle maker’s stock on track for its seventh straight positive session, which would be its longest winning streak of 2024.
These moves come a day after the S&P 500 climbed 0.6% to close above 5,500 for the first time. The Nasdaq Composite also advanced around 0.8% to finish at a record, while the 30-stock Dow added just over 0.4%.
Trading volume is likely to be light Wednesday with the New York Stock Exchange closing early at 1 p.m. ET. The exchange will be shut on Thursday for Independence Day.
Minutes from the policy-setting Federal Open Market Committee’s June meeting will be posted an hour after Wednesday’s closing bell.
In Japan, the Nikkei 225 increased 1.3% Wednesday, while the Hang Seng in Hong Kong hiked 1.2%.
Oil prices grabbed nine cents to $82.90 U.S. a barrel.
Gold prices regained $23.10 to $2,356.80
