Dow Jones| Nasdaq | US Stock Market Today | Live: US futures tick higher as oil retreats ahead of inflation data
Dow Jones Today | US Stock Market Live: The S&P 500 notched a record-high close on Thursday, fueled by advances in Sandisk and other heavyweight technology stocks, as tame producer price inflation data supported expectations the Federal Reserve will not raise interest rates at its September meeting.
SanDisk Corporation expects to return 100% of its excess cash to shareholders.
Brent crude futures fell about 2%, after six straight sessions of gains as investors assessed prospects for weaker global demand this year and higher U.S. crude stocks.
Iran and the United States remain at loggerheads over efforts to agree on a permanent end to the war in the Middle East, according to a senior Iranian source, while traffic through the vital Strait of Hormuz remained severely curtailed.
