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Home / Business / Stock futures rose slightly before the first trading day in May

Stock futures rose slightly before the first trading day in May



Trader of the New York Stock Exchange

Source: New York Stock Exchange

As investors prepare for the first trading day in May, in overnight trading on Sunday, US stock futures rose.

Dow futures rose 95 points. S&P 500 futures rose 0.34, and Nasdaq 100 futures rose 0.28%.

Monday is the first trading day in May. Despite the weakness in the stock market on Friday, the Standard & Poor̵

7;s 500 Index rose for the third consecutive month in April. Investors bet on the economic and profit recovery brought by the pandemic, causing the index to rise by more than 5%.

Now, the Standard & Poor’s 500 Index is up 11% this year. After the performance of Apple and Facebook skyrocketed, the benchmark index closed at record levels on Thursday.

The Dow Jones Index rose about 2.7% last month, and the Nasdaq Composite Index rose 5.4% in April.

Jack Ablin, chief investment officer of Cresset Capital, said: “Investors are preparing for another busy week, ending with the highly watched employment report. Given the positive economic and profitable news, the least resistance The road seems higher.”

Investors will also monitor the earnings of the next batch of companies. Lowe’s, Estee Lauder and ON Semiconductor reported before the close on Monday.

Manufacturing PMI data for April will be released at 9:45 am Eastern Time on Monday, followed by ISM manufacturing at 10 am.

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