Stock futures are little changed as S&P 500 gets set to close out the first quarter up 10%: Live updatesStock futures are trading near the flatline overnight as the S&P 500 approached its best first-quarter performance in five years.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.
For the quarter, the S&P 500 is up about 10%. It is on pace for its best first-quarter gain since 2019, when it rallied 13.1%. The 30-stock Dow, up 5.5% during 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%.
Although the market will be closed due to Good Friday, economic data tied to personal income, consumer spending and personal consumption expenditures will be released that day.Cash as an asset class has commanded equity fund flows, but Barclays believes its reign could be nearing its end. In the near term, Cau believes that quarter-end rebalancing could favor bonds over stocks. Further out, rate cuts and resilient earnings fundamentals could widen the equity market rally.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: NBCLA - 🏆 319. / 59 Read more »
Source: AP - 🏆 728. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »