Dow futures pull back as investors await jobless claims report, ECB decision

U.S. stock-index futures were trading lower Thursday morning after a series of gains pushed the Nasdaq Composite to within 2% of its all-time high, as a gradual restart to the U.S. and world economies from coronavirus-induced closures helps support bullish sentiment.

Investors will be watching for a report on weekly U.S. jobless claims to gauge whether the worst of the impact of the viral outbreak has occurred, while a policy decision from the European Central Bank later in the morning could influence trading in U.S. assets.

How are benchmarks performing?

Futures for the Dow Jones Industrial Average YM00, -0.52% YMM20, -0.52% were 137 points, or 0.5%, lower at 26,091, those for the S&P 500 index ESM20, -0.56% ES00, -0.56% were off 16.45 points, or 0.5%, at 3,101.25, while Nasdaq-100 futures NQ00, -0.27% NQM20, -0.27% were trading 0.2% lower at 9,663.75, a decline of 21 points.

On Wednesday, the Dow DJIA, +2.04% advanced 527.24 points, or 2.1%, to close at 26,269.89, while the S&P 500 SPX, +1.36% rose 42.05 points, or 1.4%, to end at 3,112.87, the highest finish for both benchmarks since March 4, according to Dow Jones Market Data. The Nasdaq Composite Index COMP, +0.77% rose 74.54 points, or 0.8%, ending at 9,682.91, or 1.4% away from its all-time closing high of 9,817.18 in February.

Read: The Nasdaq within 2% of a record

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Iconic Dietician and Social Media Star Ilana Muhlstein Hits Amazon’s #1 Best-seller List

Iconic Dietician and Social Media Star Ilana Muhlstein Hits Amazon’s #1 Best-seller List – Business News Today – EIN News

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Dow futures edge back as investors await jobless claims report, ECB decision

U.S. stock-index futures were trading lower Thursday morning after a series of gains pushed the Nasdaq Composite to within 2% of its all-time high, as a gradual restart to the U.S. and world economies from coronavirus-induced closures helps support bullish sentiment.

Investors will be watching for a report on weekly U.S. jobless claims to gauge whether the worst of the impact of the viral outbreak has occurred, while a policy decision from the European Central Bank later in the morning could influence trading in U.S. assets.

How are benchmarks performing?

Futures for the Dow Jones Industrial Average YM00, -0.52% YMM20, -0.52% were 137 points, or 0.5%, lower at 26,091, those for the S&P 500 index ESM20, -0.56% ES00, -0.56% were off 16.45 points, or 0.5%, at 3,101.25, while Nasdaq-100 futures NQ00, -0.27% NQM20, -0.27% were trading 0.2% lower at 9,663.75, a decline of 21 points.

On Wednesday, the Dow DJIA, +2.04% advanced 527.24 points, or 2.1%, to close at 26,269.89, while the S&P 500 SPX, +1.36% rose 42.05 points, or 1.4%, to end at 3,112.87, the highest finish for both benchmarks since March 4, according to Dow Jones Market Data. The Nasdaq Composite Index COMP, +0.77% rose 74.54 points, or 0.8%, ending at 9,682.91, or 1.4% away from its all-time closing high of 9,817.18 in February.

Read: The Nasdaq within 2% of a record

Read More Here...

Dow rallies for 3rd-straight day amid coronavirus woes, George Floyd protests

Protests are dividing the US, a bitter spat over Hong Kong is brewing, a pandemic continues to rage worldwide — and the stock market is surging.

The Dow Jones industrial average soared 527.24 points on Wednesday, or more than 2 percent, to close at 26,269.89, as Wall Street continued to shrug off spectacular images of looting and police clashes as racial tensions explode nationwide. It was the blue-chip index’s third straight day of gains this week, leaving it more than 900 points higher than its Friday close.

The Dow is now up more than 40 percent from the lows it hit in late March, when panic over the coronavirus sparked fears that the US economy was headed for its worst crisis since the Great Depression. It’s now just 12 percent below the all-time high of 29,951.42 it hit on Feb. 12.

To be sure, Wednesday’s stock gains were driven partly by reports that the social unrest appeared to be ebbing as charges were upgraded against Minneapolis police officers in the killing of George Floyd.

Also, a Wednesday report showed private payrolls notched a narrower-than-expected drop last month.

Ryan Detrick, senior market strategist at LPL Financial, points out that the stock market is perceived as a forward-looking metric, meaning it has already begun trading on the assumed economic bounce-back from the pandemic as things continue to reopen.

“This is a harsh reminder that stocks are cold-blooded,” Detrick told The Post.

Nevertheless, multiple sources inside hedge funds and investment banks tell The Post that sentiment inside their firms remains skeptical as economic data, news headlines and even the noise outside their windows point to a giant mess whose cleanup will be measured in years, not months.

“I woke up at 2 in the morning [Monday] night because there were sirens and yelling,”

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Dow Jones Futures: Dow Catching Up As Coronavirus Stock Market Rally Booms; Smartsheet, Cloudera Dive On Guidance – Investor's Business Daily

Dow Jones futures were little changed late Wednesday, along with S&P 500 futures and Nasdaq futures. The coronavirus stock market rally continued to broaden out and move higher on economic recovery hopes. The Dow Jones and S&P 500 led amid a shift to economic recovery plays, with Boeing surging. Meanwhile, the Nasdaq moved within 2% of its pre-coronavirus peak.

X

Smartsheet (SMAR) and Cloudera (CLDR) reported better-than-expected results after the close. But Smartsheet stock and Cloudera stock tumbled overnight below buy points on weak guidance.

KLA Corp. (KLACTrade Desk (TTD) and Tesla (TSLA) rival Nio (NIO) cleared buy points during Wednesday’s session.

The Nasdaq composite has led the coronavirus stock market rally, with gains concentrated among some big cap and megacap techs and medicals. The index was getting extended from the Dow and S&P 500. It wouldn’t have been a shock to see the Nasdaq move sideways or pull back for a few weeks in a sector rotation toward “real economy” stocks in the Dow Jones and S&P 500. But while the Dow and S&P are outperforming, the Nasdaq keeps marching toward record highs.

Trade Desk stock is on SwingTrader. Tesla stock, which is in buy range, is on IBD Leaderboard. Both TTD stock and TSLA stock are volatile growth names that have rallied back from very deep bases.

Dow Jones Futures Today

Dow Jones futures rose a fraction vs. fair value, while S&P 500 futures dipped 0.1%. Nasdaq 100 futures sank 0.2%. Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Join IBD experts as they analyze actionable stocks in the coronavirus stock market rally on IBD Live.

Coronavirus News

Coronavirus cases worldwide have topped 6.56 million. Covid-19 deaths are at least 386,000.

Coronavirus cases in the U.S. have reached 1.90 million,

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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 2.05%

At the close in NYSE, the Dow Jones Industrial Average rose 2.05% to hit a new 3-months high, while the S&P 500 index gained 1.36%, and the NASDAQ Composite index gained 0.78%.

The best performers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 12.95% or 19.85 points to trade at 173.16 at the close. Meanwhile, Raytheon Technologies Corp (NYSE:RTX) added 6.42% or 4.07 points to end at 67.47 and American Express Company (NYSE:AXP) was up 6.39% or 6.33 points to 105.40 in late trade.

The worst performers of the session were Walmart Inc (NYSE:WMT), which fell 0.38% or 0.47 points to trade at 123.47 at the close. UnitedHealth Group Incorporated (NYSE:UNH) declined 0.31% or 0.96 points to end at 305.35 and Intel Corporation (NASDAQ:INTC) was down 0.31% or 0.19 points to 61.93.

The top performers on the S&P 500 were Simon Property Group Inc (NYSE:SPG) which rose 14.86% to 72.88, Macerich Company (NYSE:MAC) which was up 14.23% to settle at 8.59 and Coty Inc (NYSE:COTY) which gained 13.37% to close at 4.75.

The worst performers were Campbell Soup Company (NYSE:CPB) which was down 6.13% to 48.82 in late trade, Activision Blizzard Inc (NASDAQ:ATVI) which lost 4.19% to settle at 69.92 and Take-Two Interactive Software Inc (NASDAQ:TTWO) which was down 3.94% to 129.30 at the close.

The top performers on the NASDAQ Composite were FSD Pharma Inc Class B (NASDAQ:HUGE) which rose 138.39% to 7.39, Genius Brands International Inc (NASDAQ:GNUS) which was up 97.26% to settle at 7.9300 and Cinedigm Corp (NASDAQ:CIDM) which gained 79.82% to close at 1.3100.

The worst performers were Hebron Technology Co Ltd (NASDAQ:HEBT) which was down 36.63% to 14.29 in late trade, Evofem Biosciences Inc (NASDAQ:EVFM) which lost 26.61% to settle at 3.42 and Cellectar Biosciences Inc (NASDAQ:CLRB) which was down 21.97% to 1.030 at

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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 2.05%

At the close in NYSE, the Dow Jones Industrial Average rose 2.05% to hit a new 3-months high, while the S&P 500 index gained 1.36%, and the NASDAQ Composite index gained 0.78%.

The best performers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 12.95% or 19.85 points to trade at 173.16 at the close. Meanwhile, Raytheon Technologies Corp (NYSE:RTX) added 6.42% or 4.07 points to end at 67.47 and American Express Company (NYSE:AXP) was up 6.39% or 6.33 points to 105.40 in late trade.

The worst performers of the session were Walmart Inc (NYSE:WMT), which fell 0.38% or 0.47 points to trade at 123.47 at the close. UnitedHealth Group Incorporated (NYSE:UNH) declined 0.31% or 0.96 points to end at 305.35 and Intel Corporation (NASDAQ:INTC) was down 0.31% or 0.19 points to 61.93.

The top performers on the S&P 500 were Simon Property Group Inc (NYSE:SPG) which rose 14.86% to 72.88, Macerich Company (NYSE:MAC) which was up 14.23% to settle at 8.59 and Coty Inc (NYSE:COTY) which gained 13.37% to close at 4.75.

The worst performers were Campbell Soup Company (NYSE:CPB) which was down 6.13% to 48.82 in late trade, Activision Blizzard Inc (NASDAQ:ATVI) which lost 4.19% to settle at 69.92 and Take-Two Interactive Software Inc (NASDAQ:TTWO) which was down 3.94% to 129.30 at the close.

The top performers on the NASDAQ Composite were FSD Pharma Inc Class B (NASDAQ:HUGE) which rose 138.39% to 7.39, Genius Brands International Inc (NASDAQ:GNUS) which was up 97.26% to settle at 7.9300 and Cinedigm Corp (NASDAQ:CIDM) which gained 79.82% to close at 1.3100.

The worst performers were Hebron Technology Co Ltd (NASDAQ:HEBT) which was down 36.63% to 14.29 in late trade, Evofem Biosciences Inc (NASDAQ:EVFM) which lost 26.61% to settle at 3.42 and Cellectar Biosciences Inc (NASDAQ:CLRB) which was down 21.97% to 1.030 at

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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 2.05%

At the close in NYSE, the Dow Jones Industrial Average rose 2.05% to hit a new 3-months high, while the S&P 500 index gained 1.36%, and the NASDAQ Composite index gained 0.78%.

The best performers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 12.95% or 19.85 points to trade at 173.16 at the close. Meanwhile, Raytheon Technologies Corp (NYSE:RTX) added 6.42% or 4.07 points to end at 67.47 and American Express Company (NYSE:AXP) was up 6.39% or 6.33 points to 105.40 in late trade.

The worst performers of the session were Walmart Inc (NYSE:WMT), which fell 0.38% or 0.47 points to trade at 123.47 at the close. UnitedHealth Group Incorporated (NYSE:UNH) declined 0.31% or 0.96 points to end at 305.35 and Intel Corporation (NASDAQ:INTC) was down 0.31% or 0.19 points to 61.93.

The top performers on the S&P 500 were Simon Property Group Inc (NYSE:SPG) which rose 14.86% to 72.88, Macerich Company (NYSE:MAC) which was up 14.23% to settle at 8.59 and Coty Inc (NYSE:COTY) which gained 13.37% to close at 4.75.

The worst performers were Campbell Soup Company (NYSE:CPB) which was down 6.13% to 48.82 in late trade, Activision Blizzard Inc (NASDAQ:ATVI) which lost 4.19% to settle at 69.92 and Take-Two Interactive Software Inc (NASDAQ:TTWO) which was down 3.94% to 129.30 at the close.

The top performers on the NASDAQ Composite were FSD Pharma Inc Class B (NASDAQ:HUGE) which rose 138.39% to 7.39, Genius Brands International Inc (NASDAQ:GNUS) which was up 97.26% to settle at 7.9300 and Cinedigm Corp (NASDAQ:CIDM) which gained 79.82% to close at 1.3100.

The worst performers were Hebron Technology Co Ltd (NASDAQ:HEBT) which was down 36.63% to 14.29 in late trade, Evofem Biosciences Inc (NASDAQ:EVFM) which lost 26.61% to settle at 3.42 and Cellectar Biosciences Inc (NASDAQ:CLRB) which was down 21.97% to 1.030 at

Read More Here...