E-mini S&P 500 futures finished session slightly lower.

E-mini S&P 500 futures showed relative stability on Thursday, closing the session near 6610 despite a broader hawkish pivot from global central banks. While the Federal Reserve and international counterparts have shifted away from previously priced-in 2026 rate cuts, the equity market avoided the sharp overreactions seen in rates, energy, and currencies. The index reached its lowest print since Thanksgiving earlier in the day, contributing to a 5% decline since late February, but managed to stage a recovery to finish only slightly lower. Volatility spiked during the early session lows but retreated as prices moved back toward unchanged. Investors remain focused on geopolitical developments in the Middle East and their subsequent impact on oil and energy costs as a primary driver for the market heading into the weekend.