Dow futures inch up after another record close MA

Dow futures inch up after another record close
MADRID (MarketWatch) — U.S. stock futures inched higher on Friday, a day after the Dow Jones Industrial Average closed above 16,000 for the first time.

Futures for the Dow Jones Industrial Average (CBE JZ3) rose 25 points to 16,000, while those for the S&P 500 index (GLC:SPZ3) rose 2.70 points to 1,796.40.

Futures for the Nasdaq 100 index (GLC:NDZ3) rose 6.25 points to 3,406.75.

Investors are keen to see how much further stocks can push past or hold onto key psychological levels with the weekend and a shortened holiday week ahead.

The Dow industrials (DJI JIA) pushed to a record close above 16,000 on Thursday, lifted by better-than-expected weekly jobless claims and easing jitters over the Federal Reserve’s potential to taper its bond-buying program. It was its 40th record close of 2013.

The S&P 500 (SNC:SPX) on Thursday closed just shy of its own milestone level of 1,800. Analysts at Monex Capital Markets said there seems to be “a growing cynicism as to whether this is now where stocks truly start looking overblown.” Read David Weidner on the curse of Dow 16,000

“Even with [dollar/yen] trading above 101, the Nikkei is struggling to make much more headway and as we move towards the end of the month — plus that Thanksgiving break in the U.S. — the temptation for many could well be to start booking some profits,” the analysts said in emailed comments. http://www.marketwatch.com/story/dow-futures-...atest_news