Stock futures traded little changed Wednesday evening after a record-setting day on Wall Street.
Contracts on the S&P 500 hugged the flat line, after the blue-chip index reached a record intraday high during the regular session, and closed out its best monthly gain since November. Nasdaq futures edged up after technology stocks lifted the index higher by more than 1.5%. In late trading, shares of electric-vehicle stocks including Workhorse Group (WKHS) and Plug Power (PLUG) increased as President Joe Biden discussed the details of his more than $2 trillion infrastructure plan, which will include building out half a million EV charging stations.
Thursday’s session will mark the first of the second quarter and of April. Historically, the month has been fortuitous for equities. Stocks have closed April higher in 14 out of the past 15 years, and since 1950 it has been the second best month for stocks, according to an analysis by Ryan Detrick, LPL Financial chief market strategist.