U.S. equity futures traded modestly higher Thursday morning after Wall Street hit a high and new daily U.S. coronavirus cases surged to a record.
Wall Street's benchmark S&P 500 index rose 0.1% to 4,793.06. The Dow Jones Industrial Average added 0.2% to 36,488.63. The Nasdaq composite slipped 0.1% to 15,766.22.
The S&P 500 is on track for a gain of more than 27% in 2021. The benchmark, which also set records on Monday and on Dec. 23, hit more new highs in 2021 than in any year since the 77 in 1954. sending that company's shares 9.5% higher. Biogen shares are giving back 6% in the premarket. Trading was lighter as investors closed out positions for the year. Fewer than 3 billion shares traded hands on the New York Stock Exchange compared with a typical daily average of 4.5 billion.In energy markets, benchmark U.S. crude lost 63 cents to $75.92 per barrel in electronic trading on the New York Mercantile Exchange. The contract advanced 58 cents to $76.56 on Wednesday. Brent crude, the price basis for international oils, lost 46 cents to $78.77 per barrel in London.
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