Latest Business News: Stock Futures Flat, Dow and S&P 500 Near Record Highs

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Latest Business News: Stock Futures Flat, Dow and S&P 500 Near Record Highs

Latest Business News: Stock Futures Flat, Dow and S&P 500 Near Record Highs
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Latest Business News: Stock Futures Flat, Dow and S&P 500 Near Record Highs

by Wochit 1:04 mins

Stock index futures were flat as investors looked for new reasons to buy following a rally that repeatedly took major indexes to record levels. The S&P 500 has risen for five of the past six weeks, gaining more than 7 percent over that period. The index closed at an all-time high despite a disappointing read on the labor market, which showed that hiring slowed in July. US Airways and American Airlines secured EU regulatory approval for their $11 billion merger after promising to surrender slots at Heathrow and Philadelphia airports. EADS, the parent company of Airbus, confirmed that it had received a letter from London-based TCI urging it to sell its 46 percent stake in Dassault Aviation, makers of the Rafale fighter jet. Any shake-up of the EADS ownership structure, however, would be fraught with political complications.

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