Dow futures rise more than 150 points ahead of first trading day of March

A woman walks past the New York Stock Exchange (NYSE) at Wall Street on January 12, 2021 in New York City.

ANGELA WEISS | AFP | Getty Images

U.S. stock futures rose in overnight trading on Sunday, pointing to a strong open on the first trading day of March.

Dow futures rose 175 points. S&P 500 futures gained 0.7% and Nasdaq 100 futures rose 0.7%.

Boosting sentiment on the vaccine front, the Centers for Disease Control and Prevention advisory panel voted unanimously Sunday to recommend the use of Johnson & Johnson’s one-shot Covid-19 vaccine for people 18 years of age and older. The company expects to ship out 4 millions of doses initially.

Last week, stocks were pressured by rising interest rates. Higher interest rates can threaten the dominance of equities, as bonds are viewed as less risky. The yield on the benchmark 10-year got as high as 1.6% on Thursday but retreated to around 1.41% on Friday.

10-year Treasury futures rose in overnight trading, implying that yields would fall on Monday. Prices move inversely to yields.

The Dow Jones Industrial Average and S&P 500 lost and 1.7% and 2.5%, respectively, between Monday and Friday.

The technology-heavy Nasdaq Composite dropped more than 4% for the week, suffering its worst one-day sell-off since October on Thursday. Technology companies rely on being able to borrow money for a low rate in order to invest in future growth.

“Bond market volatility surged to its highest level since April and until some calm and some new peak level of yields is found, this well be the key focus for investors,” Jim Paulsen, The Leuthold Group chief investment strategist, told CNBC.

The major averages rose for the month of February, bolstered by a strong earnings season, positive news on the vaccine rollout and hopes of anther stimulus package.

The House passed a $1.9 trillion Covid relief bill, the American Rescue Plan Act of 2021, early Saturday. The Senate will now consider the legislation. 

The Dow gained 3.15% for its third positive month in four in February. The S&P 500 gained 2.61% and the Nasdaq Composite gained nearly 1% for its fourth positive month in a row.

February’s final read for Markit’s U.S. manufacturing purchasing managers’ index for February comes out on Monday at 9:45 a.m. ET. Economists polled by Dow Jones are expecting a read of 58.5, the same as December’s read of 58.5.

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

The post Dow futures rise more than 150 points ahead of first trading day of March appeared first on Chop News.



from Chop News https://ift.tt/3kvywkA

Comments

Post a Comment

Popular posts from this blog

Where To Find Undetected Black Ops Cold War Hacks? | RVCJS

Image
Black Ops Cold War hacks are highly popular and there’s absolutely no question about it. If you regularly play the game on PC, there’s no doubt you haven’t encountered at least a few players that have used said Cold War hacks. You’ve probably thought about using them too at least once or twice, but haven’t done so because of a fear of getting banned. Luckily, there’s now a great solution for that which we’ll be discussing more about today. This solution is undetected Cold War hacks.  The Key Points to Keep in Mind Hacks for Cold War are very popular, but it’s very risky to use them.  Once you get banned, there’s no chance of recovering your account, which is why undetected hacks are a necessity.  Not all ‘’undetected’’ are truly undetected. You have to clearly decide which of them you choose.  Battlelog.co is the most trustable cheat provider of all in this department, as they offer truly amazing undetected Black Ops Cold War hacks .    Ho...
Read more

How to Manage Your Spinal Cord Injury in Arizona

Image
How to Manage Your Spinal Cord Injury in Arizona:  Arizona is a prosperous state in the United States, with a population of more than seven million people in 2019. It has a robust economy with an unemployment rate of 5.1% during the year. The state also posted a 2.7% job growth in 2018-2019, mainly driven by its healthcare industry. One of the growing segments in the state’s healthcare sector is medical cannabis. Experts recommend it to treat ailments like chronic pain and spinal cord injuries (SCI). However, you need to have a medical marijuana card in Arizona to buy medical cannabis legally. How to Manage Your Spinal Cord Injury in Arizona When to Seek Medical Help for Your SCI The National Spinal Cord Injury Association claimed an estimated 450,000 Americans are living with SCI. Also, there are around 17,000 new SCI cases in the U.S. every year. If you are an SCI sufferer, you should go to the hospital immediately if you experience one or more of the following symptoms af...
Read more

Jaydev Compares Cutting Beans With Pujara’s Ranji Final Innings, Gets A Hilarious Reply From Him | RVCJS

Image
The Indian cricketers are presently sitting inside their houses as the coronavirus outbreak has compelled each one of us to remain indoors to save ourselves from getting infected. While some players are getting active on social media networks and interacting with their fans or colleagues, several others are letting their fans know how they are spending time in the 21 days lockdown period. Indian cricketer Jaydev Unadkat under whose captaincy the Saurashtra team won the Ranji Trophy recently took to the micro-blogging site Twitter and posted a photo in which he showed the vegetables that he chopped. He also wrote heartwarming message for his mother as she has done such things infinite times but never showed off. Jaydev Unadkat’s tweet read, “By, Yours truly.. To, The Mother.. (who does it infinite times without any such show-off & appreciation)  #QuarantineLife” By, Yours truly.. To, The Mother.. (who does it infinite times without any such show-off & appreciation) #Q...
Read more