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S&P 500 is Expected to End the First Quarter up 10%, but Stock Futures are Falling

Thursday saw a decline in stock futures as the S&P 500 was on track to post its best first-quarter performance in five years.

Futures linked to the Dow Jones Industrial Average fell 14 points, or 0.03%. S&P 500 futures decreased by 0.1%, while Nasdaq 100 futures decreased by nearly 0.2%.

Shares of luxury home furnishings retailer RH surged 8% after the company missed estimates in its most recent quarter and released a bleak outlook for the first quarter.

On Wednesday, stocks rallied broadly, with the S&P 500 closing at a record high and the Dow Jones Industrial Average rising 477.75 points, or 1.22%, for its best day in 2024. Meanwhile, the tech-heavy Nasdaq Composite added 0.51%.

Source (CNBC)

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