MARKET UPDATE

Stock futures slip Thursday night after S&P 500 notches highest close for 2023

U.S. stock futures ticked lower Friday morning after the S&P 500 notched its highest close for 2023.

Dow Jones Industrial Average futures fell by 69 points, or 0.2%. S&P 500 futures dipped 0.14%, while Nasdaq 100 futures inched down by 0.07%.

DocuSign shares jumped 5% in extended trading after the electronic agreements firm beat analysts' first-quarter expectations on the top and bottom lines.

Stocks added to their recent rally during Thursday's regular session, with the S&P 500 posting its highest closing level this year. The broader index climbed 0.62% to 4,293.93 -- just shy of a key 4,300 threshold. Meanwhile, the Dow Jones Industrial Average added 168.59 points, or 0.5%, in its third straight day of gains. The Nasdaq Composite rallied 1.02%.

Investors were encouraged by signs that a broader swath of stocks, including small-cap equities, was participating in the recent rally -- though some market participants warned that those gains may not last.

Source: CNBC

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