How is the stock benchmark?
Futures for the Dow index
is increasing 70 points to 22,460, up 0.2%.
S&P 500 Index Futures
increasing 2.75 points, or 0.1% less, to 4,091.75.
is back 29.50 points, reaching 13,718.25, slipping 0.2%.
plus 57.31 points, or 0.2%, to end at 33,503.57, the S&P 500
up 17.22 points to a record 4,097.17, up 0.4%, while the Nasdaq Composite Index
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.