Stock futures have risen since the Dow record

Stock futures moved higher on Thursday, showing that shares of giant tech companies G will put more pressure on the opening bell as investors wait for new readings in the labor market.

Futures linked to the S&P 500 rose 0.7%. Agreements with Nasdaq-100 rose 1.9%, indicating that tech g stocks will rise on Wednesday following the decline for the sector. The Dow Jones Industrial Average futures rose 0.3%, a day after the Blue-Chips Index closed at a record high.

Investors’ demand for the stock has picked up again as bond markets have calmed down. Yields on 10-year Treasury notes, which go against the price, fell from 1.520% on Wednesday to 1.502%, putting it on the decline for the third day in a row. Yields hit a high of 1.594% earlier this week.

The stock has seen a sharp move in bond yields, followed by uncertainty over how the હ 1.9 trillion relief bill will be rolled into the U.S. economy by the House on Wednesday.

The concern is that the size of the stimulus will push up inflation compared to the Federal Reserve’s comfort zone and that an increase in interest rates will boost recent yields. It will reduce the appetite for stocks of fewer companies that benefited from the extended spell of lower rates. At the same time, optimism about the economic outlook has boosted demand for shares of companies that will benefit from easing the lockdown.

Mute inflation data from the beginning of the year has calmed the nerves about the outlook for rates. Monica Defade, head of research at Amundi, France’s asset manager, said bond yields between different segments of the stock market were likely to remain stable, and would change.

“Ultimately it should be positive for the equity market if we have a little more inflation then a little more growth,” he said.

Tech stocks, including Apple Pal, Twitter and data-mining company Palan Lanter Technologies, were previously listed in New York. Oracle fell 4.5 %% after the software giant reported revenue late on Wednesday.

Shares of video ame retailer and online-trading sensation Game Stop have fallen nearly 9% premarket. Instability has returned in recent sessions to so-called meme stocks that are a favorite of individual investors gathering on internet platforms.

The number of people filing for unemployment benefits, the proxy for unemployment, is due at 8.30am. Economists surveyed by The Wall Street Journal expect 725,000 workers to file for initial benefits last week. It shows a slight decline from the previous week and will give further signs of improvement in the labor market after easing the number of Covid-19 cases.

“We’re not out of the woods yet in terms of the unemployment rate,” said Maine Nicola, portfolio manager at Pinebridge Investments. The health of the labor market will be the main determinant when the Fed decides to raise interest rates, he added.

Investors’ appetite for American government debt will receive a second test on Thursday with a planned auction of વર્ષ 24 billion in 30-year bonds. The Treasury sold 58 58 billion in three-year notes on Tuesday and sold 38 38 billion in 10-year notes on Wednesday.

In overseas markets, Stokesx Europe 600 strengthened 0.3%.

The euro rose 0.3% to 19 1.1964 before the monetary policy decision scheduled for 7:45 a.m. by the European Central Bank. Investors expect ECB President Christine Lagarde to take note of the recent rise in bond yields in the sector at a subsequent press conference. The bank will also publish its quarterly economic forecast for the eurozone.

“The eurozone cannot afford tight financial conditions and we are importing at higher rates in the US,” she said. Said the defense. “That’s something the ECB is looking at as a matter of concern.”

Traders worked the floor of the New York Stock Exchange on Wednesday.


Nicole Pereira / Associated Press

China’s Shanghai Composite Index rose 2.4% in its biggest ODI since October. Following a financial newspaper article encouraging new investors to seek long-term returns and stick to volatility in incentive stocks in advance, said Jim Reid, a strategist at Dutsch Bank.

Markets rose elsewhere in Asia, with Japan’s Nikkei up 225 and South Korea’s Kospi up 0.6% and 1.9%, respectively.

Write to J Wal Wallace J @ .v lace les પર at

Copyright Pirate 20 2020 Dow Jones & Co., Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8