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Stock futures rose, starting from the second quarter



After the win in the first quarter, US stock futures traded higher.

The main futures index was even higher, with the Nasdaq index up 0.9%.

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In the quarter, the Dow Jones Industrial Average rose 7.8%, while the S&P 500 index rose 5.8%, and the Nasdaq index rose 2.8%.

The new quarter begins with a series of economic data.

The Labor Department had no new claims for unemployment benefits last week. It is expected to be 680,000, a slight decrease from 684,000 in the previous week, which is the lowest level since the beginning of the coronavirus pandemic.

Since September, the ADP work report shows the biggest gains

The key figure worth paying attention to will be the ISM Manufacturing Purchasing Managers Index in March. It is expected to rise slightly by half a percentage point to 61

.3, which will be the highest level since May 2004 and the 10th consecutive month of growth. A number higher than 50 indicates that the manufacturing industry is expanding.

After an increase of 1.7% in the previous month, construction spending is expected to shrink by 1% in February.

In Europe, London’s FTSE Index rose 0.7%, Germany’s DAX rose 0.6%, and France’s CAC rose 0.4%.

After Japan and South Korea reported unexpectedly strong economic data and President Biden announced a US$2.3 trillion US infrastructure spending plan, Asian stock markets followed Wall Street higher on Thursday.

Biden’s $2.5T infrastructure plan includes union federation legislation

For the first time since 2019, the Tankan Business Conditions Index of a large Japanese manufacturer has risen to a positive number.

Tokyo’s Nikkei 225 Index rose 0.7%, Hong Kong’s Hang Seng Index rose 1.9%, and China’s Shanghai Composite Index rose 0.7%.

Investors are oscillating between optimism that the coronavirus vaccine will return businesses to normal, and anxiety about rising infection rates in the United States and certain European countries. This has prompted some people to re-limit travel.

Stock code Safety Last change change%
Me: DJI Dow Jones Average 32981.55 -85.41 -0.26%
SP500 S&P 500 3,972.89 +14.34 + 0.36%
I: COMP Nasdaq Composite Index 13246.870661 +201.48 + 1.54%

On the last trading day of the quarter, the Standard & Poor’s 500 Index rose 0.4% to 3,972.89. The Dow Jones Industrial Average fell 0.3% to 32,981.55. The Nasdaq Composite Index climbed 1.5% to 13,246.87.

The 10-year U.S. Treasury bond yield was 1.71%.

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In the energy market, in electronic trading on the New York Mercantile Exchange, benchmark US crude oil futures rose 93 cents to $60.05 per barrel. The contract fell $1.39 on Wednesday to $59.16. The price of Brent crude oil, which is the basis of international oil prices, rose 78 cents in London to $63.52 per barrel. The previous trading day fell 60 cents to $63.54.

The Associated Press contributed to this article.


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