Provided by Dow Jones
By Anna Hirtenstein 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.
Provided by Dow Jones
By Anna Hirtenstein U.S. stocks were mixed after the opening bell, as investors awaited comments from Federal Reserve Chairman Jerome Powell. The S&P 500 climbed 0.3% after closing at its 18th record this year on Wednesday. The Nasdaq Composite advanced 0.8%, while the Dow Jones Industrial Average slipped 0.1%. 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.
Provided by Dow Jones
By Anna Hirtenstein The S&P 500 rose Thursday, poised for another record-setting trading session, as investors awaited comments from Federal Reserve Chairman Jerome Powell. The broad market index climbed 0.3% after closing at its 18th record this year on Wednesday. The Nasdaq Composite rose 0.9%, driven by gains in technology stocks. The Dow Jones Industrial Average, however, lost roughly 0.2%. 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 Wednesday, highlighted their intention to continue with easy monetary policies until the economy has recovered more.
April 8, 2021 - Written by Ben Hughes
Despite hitting its best levels in over a year this week, the British Pound to Japanese Yen (GBP/JPY) exchange rate has plummeted since then, shedding most of the gains seen over the past month in a matter of days. A combination of factors are helping the previously weak Japanese Yen to capitalise against this week’s broad Pound weakness. Unless there is a shift of market sentiment over the coming day, the Pound could remain jittery unless next week’s UK growth data impresses investors.
Due to strong currency movement and market sentiment, GBP/JPY has seen huge movements in recent weeks. Last week saw GBP/JPY surge from 151.17 to 153.08 - a massive gain of almost two Yen.
Stocks Waver After S&P 500 Hits Record marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.