Stock futures bounce as investors assess start of new quarter, bond market recession indicator

Stock futures bounce as investors assess start of new quarter, bond market recession indicator

Stock futures rose early Thursday as investors assessed a new quarter of trading and a troublesome bond market recession indicator. Investors were also awaiting the official jobs report for March, which the Labor Department will release at 8:30 a.m. ET on Friday. Dow futures gained 90 points, or 0.3%. S&P 500 futures added 0.2% and Nasdaq 100 futures rose 0.3% to kick off the first trading session of the second quarter. The Dow Jones Industrial Average slumped on Thursday to for stocks in two years, with losses accelerating in the final hour of trading. The Dow dropped 550.46 points, or 1.56%, to 34,678.35. The S&P 500 slid 1.57% to 4,530.41, and the Nasdaq Composite was down 1.54% to 14,220.52. All three major averages posted their worst quarter since March 2020. The Dow and S&P 500 declined 4.6% and 4.9% respectively during the period, and the Nasdaq dropped more than 9%. Stocks did stage a late-quarter comeback in March however after sharp declines from rising interest rates and inflation marked the first part of the year. Stocks for now shook off a recession signal from the bond market that was triggered after the closing bell Thursday. The 2-year and 10-year Treasury