Futures Grow Ahead of Powell Speech - InvestingChannel

Futures Grow Ahead of Powell Speech

Stock futures rose in morning trading Thursday as investors digested more quarterly reports from the likes of Tesla and United Airlines and awaited a policy speech from Federal Reserve Chairman Jerome Powell.

Futures for the Dow Jones Industrials screamed higher 240 points, or 0.7%, to 35,319.

Futures for the S&P 500 improved 38.5 points, or 0.9%, to 4,494.

Futures for the NASDAQ Composite Index recovered 167.25 points, or 1.2%, to 14,172.

First-quarter reports drove pre-market moves. Tesla rose nearly 7% after better-than-expected earnings, while United added 7.5% after the airline forecast a profit in 2022.

Netflix shares on Wednesday posted the biggest one-day decline since 2004 after the streamer reported its first subscriber loss in more than a decade. Other streaming companies like Disney and Roku also fell, and other tech stocks were lower.

Investors are awaiting quarterly reports from companies like AT&T, American Airlines and Snap on Thursday.

Weekly jobless claims are also slated for release Thursday morning.

In Asia, the Nikkei 225 in Japan acquired 1.2% Thursday, while in Hong Kong, the Hang Seng index slid 1.3%.

Oil prices inched up 83 cents to $103.02 U.S. a barrel.

Gold prices fell $16.90 to $1,938.70 U.S.

Related posts

Advisors in Focus- January 6, 2021

Gavin Maguire

Advisors in Focus- February 15, 2021

Gavin Maguire

Advisors in Focus- February 22, 2021

Gavin Maguire

Advisors in Focus- February 28, 2021

Gavin Maguire

Advisors in Focus- March 18, 2021

Gavin Maguire

Advisors in Focus- March 21, 2021

Gavin Maguire