Home Stock Dow Jones futures were slightly higher as blue-chips headed for a third...

Dow Jones futures were slightly higher as blue-chips headed for a third consecutive week


How is the stock benchmark?

On Thursday, the Dow index
DJIA,
+ 0.17%

plus 57.31 points, or 0.2%, to end at 33,503.57, the S&P 500
SPX,
+ 0.42%

up 17.22 points to a record 4,097.17, up 0.4%, while the Nasdaq Composite Index
COMP,
+ 1.03%

reached 140.47 points, or 1%, higher than at 13,829.31.

What drives the market?

Investors are catching signals from the Federal Reserve this week and pushing equity values ​​closer to record levels, as the central bank emphasizes its intention not to ditch monetary policy. until the job market achieves a complete recovery from the COVID pandemic.

Fed Chairman Jerome Powell on Thursday advocated boosting immunization rates globally and said the lack of overseas immunization is a threat to US economic progress.

“Viruses are not border-respecting and until the world is truly vaccinated, we all run the risk of new mutations,” said Powell at a conference on global economies. the demand was organized by the United Monetary Fund. “I see global immunization as a real risk … for the progress we are making.”

Future rate projections by Fed officials imply that the central bank will keep key interest rates close to 0% until at least 2023.

Stock buying has resumed for tech stocks this week after shifting to falling-value stocks better as the economy recovers from COVID.

Some analysts think Friday’s market move could be profit-taking after a week of strong gains. During the week, the S&P 500 is on track to gain 1.9%, the Dow is headed for weekly gains of 1.1%, and the Nasdaq is headed for a 2.6% weekly gain. The S&P 500 and Dow are heading for a third straight gain for the week.

Peter Cardillo, chief market economist at Spartan Capital Securities, writes: “We see a mixed market as investors take profits after a series of record highs for S&P.

The biggest taboo for investors in the stock market is inflation out of control. However, the minutes from the Fed indicated that officials will continue the Fed’s $ 120 billion bond buying program until the economy makes “further significant progress” on the job goal. maximum work and inflation maintained at 2%.

Investors can get some insight into price trends in the US, with a read of production prices for March at 8:30 a.m. ET and first reading of incoming wholesale inventory. term at 10 am.

Which companies to focus on?
  • Shares of Naked Brand Group Ltd. NAKD 20.0% increase is active in pre-market trading, after the New Zealand-based apparel and swimwear company revealed that Ault Global Holdings Inc.

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