NatalieLopez
28 Mar 24
Stock index futures were relatively unchanged on Thursday, following the S&P 500's new record high close, and ahead of the upcoming holiday weekend. Dow and Nasdaq 100 futures remained flat, while S&P 500 futures saw a slight increase of 0.1%. The final quarterly GDP price index report, expe...
Stock index futures were relatively unchanged on Thursday, following the S&P 500's new record high close, and ahead of the upcoming holiday weekend. Dow and Nasdaq 100 futures remained flat, while S&P 500 futures saw a slight increase of 0.1%. The final quarterly GDP price index report, expected to show a 1.6% growth, is set to be released before the bell. Analyst Paul Donovan of UBS noted the anticipation of minimal change in US GDP for the fourth quarter. Meanwhile, 10-year Treasury yield held steady at 4.22%, and 2-year yield, more rate-sensitive, stood at 4.63%. Market expert Richard Hunter observed buying interest returning due to lighter US trading, attributing the absence of major economic news as a reason for market rally. He also commented on investors accepting three rate cuts as the most likely outcome, as opposed to previous projections. Initial jobless claims and the final measure of Michigan consumer sentiment are expected to be reported before and after the market opens, respectively.
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