Stock futures were little changed on Friday morning as the S&P 500 looked set for another positive week.
S&P 500 futures were flat. Futures linked to the Nasdaq 100, the Dow Jones Industrial Average, were also little changed.
The three major averages closed marginally higher Thursday, putting the Dow and S&P 500 on track for a potential winning week. The S&P 500 is up just 0.08%, but that would still be its fifth consecutive positive week. The Dow is up 0.71[ads1]% for the week, on track for its fourth positive week in five.
The Nasdaq Composite is down 0.63% for the week.
While this week has seen relatively subdued movement on Wall Street, it comes on the heels of a solid rally since mid-June.
“The market is consolidating a little bit this week, a little bit of flip-flopping … I think this is still a healthy market,” said Frank Gretz, a technical analyst at Wellington Shields, citing solid advance-decline ratios in recent weeks.
There are no major financial reports due on Friday, but investor sentiment could be boosted by a better-than-expected earnings report and a positive outlook from semiconductor equipment company Applied Materials on Thursday evening. Shares in the company rose around 2% in extended trading.