Stock Futures Climb After S&P 500 Hits Record

By Anna Hirtenstein3 days ago


U.S. stock futures rose Thursday, pointing to another record-setting trading session after the opening bell, as investors awaited data on unemployment benefits and comments from Federal Reserve Chairman Jerome Powell.

Futures tied to the S&P 500 climbed 0.4%. The broad market index closed at its 18th record for this year on Wednesday. Nasdaq-100 futures advanced 0.8%, pointing to gains in technology stocks.

Stocks have started the second quarter on strong footing, with the S&P 500 rising 2.7% this month. The largest tech companies have surged ahead as the bond market calmed, easing concerns about the high valuations of growth stocks. Fed policy makers comments, released on Wednesday, highlighted their intention to continue with easy monetary policies until the economy has recovered more.

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