US futures rose on Wednesday, indicating that major indices will continue to rise after the S&P 500 moves forward for the seventh consecutive month.
S&P 500 futures rose 0.3%. The benchmark index has risen for nine of the past ten months and closed a fraction below its all-time high on Tuesday.
Contracts for the Dow Jones Industrial Average and the Nasdaq-100, with a lot of technology, also rose 0.3% on Wednesday.
Stocks rose during the summer, driven by expectations that the economic recovery would allow corporate profits to continue to expand. Investors are generally optimistic that stocks will continue to make profits. However, some money managers warn that markets are likely to be more volatile in the fall, and point to catalysts, including the reduction in stimulus programs by the Federal Reserve.
“September can be a pretty tough month for risky assets,” said Suzanne Hutchins, head of real return investments at Newton Investment Management. “Markets are pretty high, valuations are pretty rich.”