On March 20, 2024, traders worked on the trading floor of the New York Stock Exchange (NYSE) in New York City.
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U.S. stock futures were trading near the flat line Monday night, after the major indexes took a breather from their gains.
Dow Jones Industrial Average Futures It rose only slightly by 27 points, or 0.07%.Futures are linked to both S&P 500 Index and Nasdaq 100 Add 0.1% each.
All three major stock indexes ended lower on Monday. 30 stocks Dow Chemical fell 0.4%, while S&P 500 Index and Nasdaq Index Each fell about 0.3%. The pullback follows strong gains last week, during which the index set a new all-time closing high.
So far this month, major U.S. stock indexes are expected to post their fifth straight monthly gain. The broader market index rose more than 2% in March. The Nasdaq rose 1.8% over the same period, and the Dow Jones rose 0.8%.
Warren Pies, co-founder of 3Fourteen Research, said that despite concerns that the market rebound has entered the overbought zone, investors are still unable to reduce their holdings of stocks.
“There’s a lot of people who are underweight or underexposed to this market and they’re going to be scrambling to get exposure,” Pease said Monday on CNBC’s “Closing Bell: Overtime.” “I think the soft landing, the Fed’s The combination of support and underinvested strategists and institutions means this rally can be sustained.”
More economic data is scheduled for release on Tuesday. March consumer confidence data will be released in the morning. Durable goods orders and the Richmond Fed’s manufacturing survey will also provide insights into the health of the manufacturing sector.
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