US बाजार की तेजी को राहत मिलने से स्टॉक वायदा चढ़ गया

US बाजार की तेजी को राहत मिलने से स्टॉक वायदा चढ़ गया

US Stock futures climb as market rally takes a breather

Stock futures rise as the market rally pauses. Stay updated with live coverage for the latest developments in financial markets.

  • Global News
  • 130
  • 26, Mar, 2024
Jivika Chawla
Jivika Chawla
  • @JivikaChawla

Stock futures climb as Market Rally Takes a breather

U.S. stock futures saw gains Tuesday morning after a pause in the recent market rally. Dow Jones Industrial Average futures edged up by 34 points, while futures linked to the S&P 500 and Nasdaq-100 climbed by 0.15% and 0.19%, respectively. The previous day, the major averages experienced slight declines, with the Dow slipping by 0.4% and the S&P 500 and Nasdaq Composite each falling by around 0.3%. These pullbacks followed strong gains the week before, which had propelled the indexes to new all-time closing highs.

March marked the fifth consecutive winning month for major U.S. stock benchmarks, with the broad market index rising over 2% and the Nasdaq Composite and Dow up 1.8% and 0.8%, respectively. Despite concerns about potential overbought conditions, Warren Pies, cofounder of 3Fourteen Research, noted that many investors remain underweight or under-exposed to the market and may seek to increase their exposure.

Additional economic data releases slated for Tuesday include March's consumer confidence data, durable goods orders, and the Richmond Fed's manufacturing survey, providing insights into the manufacturing sector's health.

In other news, Singapore's February manufacturing output exceeded expectations, surging by 14.2% month-on-month and 3.8% year-on-year. Sri Lanka's central bank made a surprise interest rate cut, underscoring the ongoing global economic developments.

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Jivika Chawla

Jivika Chawla

  • @JivikaChawla