The final and abbreviated trading week of March began with marginally lower stock futures on Monday morning.
The Dow Jones Industrial Average-linked futures saw a 0.2%, or 87 point, decline. Futures for the S&P 500 and the Nasdaq 100 fell 0.4% and 0.6%, respectively.
Given that last week’s closing high levels for the major U.S. stock benchmarks were surpassed, the market is poised to record its sixth straight month of gains. The Dow reached the 40,000 mark last week, posting its biggest week since December, while the S&P 500 gained almost 2.3%. In contrast, the Nasdaq Composite increased by roughly 2.9% over same time.
The Federal Reserve’s most recent comments, which upheld central bankers’ plan for rate cuts this year, and investors’ continued enthusiasm drove these advances.
Source (CNBC)
