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Strong Economic Data Leads To Rally On Wall Street


Strong Economic Data Leads To Rally On Wall Street
WASHINGTON (dpa-AFX) - Stocks moved sharply higher during trading on Thursday, more than offsetting the pullback seen in the previous session. The Dow and the S&P 500 reached new record closing highs, while the Nasdaq ended the day at its best closing level in two months.
The major averages reached new highs in late-day trading before giving back some ground going into the close. The Dow jumped 305.10 points or 0.9 percent to 34,035.99, the Nasdaq soared 180.92 points or 1.3 percent to 14,038.76 and the S&P 500 surged up 45.76 points or 1.1 percent to 4,170.42.
The rally on Wall Street came following the release of a batch of largely upbeat U.S. economic data, including a Commerce Department report showing retail sales spiked by much more than expected in the month of March. ....

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Futures Rebound From Overnight Rout With All Eyes On Powell Speech


by Tyler Durden
Thursday, Mar 04, 2021 - 07:53 AM
U.S. futures slumped alongside tumbling European and Asian stocks on Thursday, but have since rebounded and were back near unchanged levels as traders awaited remarks from Jerome Powell following a recent bout of bond market turmoil. Treasuries and bitcoin were steady, while the dollar and oil were slightly higher. Nasdaq futures rebounded after falling to a two-month low, wiping out all 2021 gains.
At 6:45 a.m. ET, Dow E-minis were down 48 points, or 0.15% and S&P 500 E-minis were down 10 points, or 0.26%. Nasdaq 100 E-minis were down 36points, or 0.29%.
The S&P 500 is set to open below its 50-day moving average, an indicator of short-term momentum that has proved to be a support line in the recent days. Microsoft Corp, Apple Inc and Amazon.com Inc dropped between 0.3% and 0.4% before the bell. Tech stocks and growth names in general which have huge duration, are particularly sensitive to rising yields because thei ....

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Yeni Mesaj: Gaziantep'te konut fiyatlarý uçtu

Yeni Mesaj: Gaziantep'te konut fiyatlarý uçtu
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