Stock futures rise as investors assess bond market slump indicator at start of new quarter

The stock futures rose early on Thursday as investors rated a new quarterly trading and troubled bond market recession.

Investors were also waiting for the official jobs report for March to be released by the Department of Labor at 8:30 a.m. Friday.

Dow Futures gained 91 points or 0.3%. The S&P 500 futures were up 0.2% and the Nasdaq 100 futures were up 0.3% to start the first trading session of the second quarter.

The Dow Jones Industrial Average fell on Thursday Close the first negative quarter For stocks in two years, losses increase in the final hours of trading. The Dow was down 550.46 points, or 1.56%, at 34,678.35. The S&P 500 was down 1.57% at 4,530.41 and the Nasdaq Composite was down 1.54% at 14,220.52.

All three major averages are in the worst quarter since March 2020. The Dow and S&P 500 fell 4.6% and 4.9%, respectively, while the Nasdaq fell more than 9% during the period. The stock rebounded in late March, however, marking the first half of the year after a sharp decline from rising interest rates and inflation.

Shares are now shaking the recession signal from the bond market that was triggered after Thursday closing hours. Earns 2 year and 10 year treasury The first time was reversed From 2019. For some investors, this is a signal that the economy is heading for a possible recession, although the reverse yield curve has not accurately predicted when it will occur, and history shows it could be more than a year or more.

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Shannon Sacosia, chief investment officer at Boston Pvt Wealth, told CNBC’s “Closing Bell” that “I think everyone should accept the fact that we’re going to go into an obviously slower economic environment.

“If you want to get revenue growth from somewhere and it’s not going to be a secular walwind like fiscal spending and monetary policy relaxation, you have to look for growth elsewhere. I think we’ll see some real nuances. When people expect that growth against this challenging economic background Must trade in three months. “

A Strong jobs report Friday It can give the central bank more confidence to keep its aggressive rate hike plan this year to control inflation without fear of slowing the economy too much. Following a payroll of 678,000 in February, economists expect the Dow Jones to add about 490,000 jobs in March, according to a consensus estimate. According to Dow Jones, the unemployment rate is expected to fall to 3.7% from 3.8%.

Stop the game Accumulated more than 10% Video game retailer and meme shares in extended trading after announcing its intentions for the stock segment.

Energy prices have fallen since the White House announced its release on Thursday Unprecedented amount of oil From strategic petroleum reserves. Up to 1 million barrels of oil per day will be released for the next six months.

Other key indicators to look out for include the ISM production code and the construction cost statement, both of which will be released by ET at 10am on Friday.

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