Stock futures are trading near the flatline overnight as investors look to end the first quarter's trading on an upbeat note.jumped 8% after management indicated that demand trends are expected to accelerate throughout fiscal 2024. Nevertheless, the company missed estimates in its latest quarter and issued a weak outlook for the first quarter.
The major averages are tracking for their second consecutive winning quarter and fifth straight winning month. For the quarter, the S&P 500 is up about 10%. It's on pace for its best first quarter gain since 2019, when it rallied 13.1%. The 30-stock Dow, up 5.5% in the period, is tracking for its strongest first quarter performance since 2021 when it advanced 7.4%. The Nasdaq is up 9.3% in the quarter thus far.On a monthly basis, the S&P 500 is up 3%. The Nasdaq and the Dow are both pacing for advances of more than 1.9%.
Investors are awaiting data on jobless claims, gross domestic product and consumer sentiment out on Thursday. Although the market will be closed due to Good Friday, economic data tied to personal income, consumer spending and the personal consumption expenditures will be released that day.34-year-old making $49,000 a month in passive income: What I always tell people who want to build successful side hustles
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