Nasdaq Futures Up 125 Pts; Jobless Claims Set to Resume Decline Later
SectorFinancial Markets

© Reuters. By Peter Nurse - U.S. stocks are seen opening higher Thursday, with the tech-heavy Nasdaq outperforming as the Biden administration’s tax proposals may be watered down. At 7 AM ET (1200 GMT), the contract was up 10 points, or less than 0.1%, traded 15 points, or 0.4%, higher, and climbed 125 points, or 0.9%. The broad-based closed at a record high Wednesday, ending up 0.2%, the rose 0.1%, also at an all-time high, while the was down 0.1%. The S&P and the Dow are on course for their third straight winning week, ahead of next week’s start of what is expected to be a very strong earnings season. According to data from Refinitiv, earnings for the first quarter of 2021 will see the strongest growth since the third quarter of 2018. Helping the tone were the from the Federal Reserve’s March meeting, in which the policymakers acknowledged progress on the economy, but stated that substantial progress on the recovery will likely take "some time", i.e.

the easy monetary policy is here to stay. The Fed has made great play that the labor market recovery has much more room to run, and with this mind the weekly more...