Traders work on the floor of the New York Stock Exchange (NYSE) on August 12, 2025 in New York City.
Spencer Platt | Getty Images
S&P 500 futures are near flat Thursday night following the benchmark index’s third straight record close.
Futures tied to the benchmark index ticked down 0.1%, while Nasdaq 100 futures shed 0.2%. Dow Jones Industrial Average futures rose 131 points, or 0.3%.
UnitedHealth rallied more than 9% after Warren Buffett’s Berkshire Hathaway and Michael Burry’s Scion Asset Management announced positions in the insurer. Intel popped more than 3% following a Bloomberg report that the Trump administration is in discussions to have the U.S. government take a stake.
Thursday night’s action comes after the S&P 500 was able to set a fresh all-time closing high with a narrow gain. The Dow and Nasdaq Composite, on the other hand, fell marginally in the session.
Stocks were largely able to erase losses seen earlier in the session after July’s producer price index came in hotter than expected. That threw some cold water on the investor euphoria that followed the consumer price index earlier in the week.
“I don’t think that one data point is enough to change a thesis around the trajectory of inflation,” said Tom Lee, head of research at Fundstrat Global Advisors. “Our base case remains that this is going to ultimately be viewed as transitory by the market.”
The Dow has led the way this week, rising 1.7% week to date. The S&P 500 and Nasdaq have each added around 1.2%. Small caps have outperformed, with the Russell 2000 climbing 3.6%.
Investors on Friday will monitor economic data on import prices, consumer sentiment and retail sales.
Circle prices 10 million shares public offering at $130 per share
Circle Internet Group said Thursday that it priced its 10 million share offering at $130 per share. The stablecoin issuer announced the offering on Tuesday after it reported its first quarterly earnings as a publicly traded company.
Circle said it is selling 2 million shares, while the remaining 8 million shares will be sold by stockholders.
The offering has put pressure on the stock, which has fallen more than 12% so far this week. But the company’s gains have been robust since its June 5 initial public offering. Even with this latest pull back, shares are up almost 350% since the stock’s debut.
—Christina Cheddar Berk
Stocks making the biggest movers after hours
These are some of the stocks making notable moves in extended trading:
- Applied Materials — The semiconductor equipment manufacturer tumbled 11% after the current-quarter outlook missed expectations of analysts polled by LSEG. Fiscal third-quarter earnings and revenue topped estimates.
- UnitedHealth — The insurer jumped nearly 8% after Warren Buffett’s Berkshire Hathaway and Michael Burry’s Scion Asset Management revealed stakes.
- Intel — The chipmaker climbed nearly 4% postmarket, adding to a 7% gain during Thursday’s regular session. Intel jumped after Bloomberg reported that the Trump administration is in talks to buy a stake in the company, which would help it to bolster its manufacturing capacity in the U.S.
— Alex Harring
S&P 500 futures are little changed
S&P 500 futures were little changed shortly after 6 p.m. ET. Dow futures rose 0.3%, while Nasdaq 100 futures ticked down 0.2%.
— Alex Harring
