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Stock futures point to technology extension returns



US stock market futures rose on Thursday, which heralded a rise in technology stocks at the beginning of the second quarter, followed by a series of economic data.

S&P 500 index futures rose 0.3%, and the stock closed for the fourth consecutive quarter of gains on Wednesday. The technology-focused Nasdaq-100 contract rose 0.9%.

Many investors hope that with the popularity of vaccinations and the Biden administration’s new spending plan, the prospects for economic growth are expected to boost, and the stock will continue to climb in the second quarter. They still point to the risks of rising bond yields, new lock-in in Europe, and signs of excess in market corners.

Some people are questioning whether the shift from technology stocks to economically sensitive industries such as banking and energy has gone too far. After driving the market̵

7;s gains in 2020, the gains of technology stocks slowed down in the first quarter because investors bought companies that would benefit from the economic rebound.

Lars Skovgaard Andersen, investment strategist at Danske Bank Wealth Management, said: “We are entering a period of greater risk. For this, I hope to adopt a more balanced approach.” Anderson believes that if cyclical stocks lose momentum, Microsoft and Salesforce Information technology stocks such as .com will act as a buffer.


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