Stock futures today: Live updates

S&P 500 futures inched higher early Friday following the benchmark index’s third straight record close.

Futures tied to the benchmark index ticked up 0.24%, while Nasdaq 100 futures inched higher by 0.07%. Dow Jones Industrial Average futures rose 244 points, or 0.76%.

UnitedHealth rallied more than 10% after Warren Buffett’s Berkshire Hathaway and Michael Burry’s Scion Asset Management announced positions in the insurer. Intel popped more than 4% 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.