Traders work on the trading floor of the New York Stock Exchange.
Brendan McDermid | Reuters
Stock index futures edged higher on Tuesday night after losses on Wall Street pushed the index further away from record highs.
Futures and Dow Jones Industrial Average An increase of 84 points, or 0.2%. S&P 500 Index Futures and Nasdaq 100 Futures Each also rose 0.2%.
The moves came a day after the three major stock indexes fell.this Dow Chemical fell nearly 0.1%, while Nasdaq Index Shares fell 0.4% as technology stocks struggled. down 0.3% S&P 500 Index It fell for the third consecutive session.
The action comes after all three major stock indexes closed at record levels last week. But despite the recent pullback, all three moving averages are still poised to maintain their upward momentum through the end of the trading month and quarter, with all closing in the green on Thursday.
“Valuations may bring us back to reality,” said Robert Schein, chief investment officer at Blanke Schein Wealth Management. But, “over the long term, this rebound is supportive and there’s a lot of upside because of liquidity.” power.”
As of Tuesday’s close, the S&P 500 was up 2.1% for the month and 9.1% for the quarter. The Nasdaq rose 1.4% in March and 8.7% in three months, while the Dow Jones rose 0.7% and 4.2% over the same period.
Traders will be watching comments from Federal Reserve Governor Christopher Waller late Wednesday. No closely watched economic data is expected on Wednesday.
Later in the week, investors will focus on Thursday’s jobless claims, gross domestic product and consumer sentiment data. While markets are closed on Good Friday, attention will be on data related to personal income, consumer spending and expected personal consumption expenditures in the morning.
About The Author
