Stock futures rise slightly after Dow, S&P 500 snap four-day win streaks
U.S Stock futures increased on Tuesday night.
Dow Jones industrial average futures increased by 47 points, which is 0.14%. S&P 500 futures increased 0.13% and Nasdaq 100 futures increased 0.16%.
Johnson and Johnson shares increased 3%. During the Tuesday regular session Dow Jones decreased 200 points. The S&P 500 decreased 0.58% and Nasdaq decreased 0.52%.
“I think it’s some consolidation after a stellar rally that we had last week,” Anastasia Amoroso, chief investment strategist said.
She also added “But that still doesn’t deter me from saying that I think we can have a more positive tone to April because if you look at the broader picture, we sort of have the recipe for a soft landing, which is inflation expectations coming down. And broadly speaking, economic data is surprising to the upside. So that actually still supports a resilient stock market,”
On Wednesday, before the bell traders are expecting to get the latest ADP private payrolls report. Economists that Dow jones polled are expecting a rise of 210,000 jobs, which is a decrease from 242,000 in March.
The Federal Reserve Bank of Cleveland said in a speech that the rates need to be raised by the central bank to get inflation under control.
“Precisely how much higher the federal funds rate will need to go from here and for how long policy will need to remain restrictive will depend on how much inflation and inflation expectations are moving down,” Mester said.
“Depending on how much demand is slowing, supply challenges are being resolved, and price pressures are easing.”
Japan’s service sector is continuing to expand in March, this has been established in a private survey.
The services purchasing managers index of the country rose to 55, from 54 in February.
New Zealand’s central bank has 50 basis points, bringing benchmark interest to 5.25%.
Netflix and Disney are two big players in the streaming space, one stock is clearly the favorite.
U.S stock futures increased slightly on Tuesday night after the major averages decreased during the regular session. Dow Jones industrial average futures increased by 47 points, which is 0.14%. S&P 500 increased 0.11% and Nasdaq 100 increased 0.07%.
- Published By Team Nation Press News
