disruptpress efi

Stock futures rise ahead of first trading day of May

Traders on the New York Stock Exchange
Source: NYSE

U.S. stock futures moved higher in overnight trading on Sunday as investors readied for the first trading day of May.

Dow futures rose 75 points. S&P 500 futures gained 0.27% and Nasdaq 100 futures rose 0.22%.

Monday marks the first trading day of May. Despite Friday’s weakness in equities, the S&P 500 notched its third straight month of gains in April, adding more than 5% to the index as investors bet on a big economic and profit recovery from the pandemic.

The S&P 500 is now up 11% for the year. The benchmark closed at record levels on Thursday on the heels of blowout earnings results from Apple and Facebook.

The Dow rose about 2.7% last month, while the Nasdaq Composite gained 5.4% in April.

Investors will also be monitoring the next batch of corporate earnings. Lowe’s, Estee Lauder and ON Semiconductor report before the bell on Monday.

Manufacturing PMI data for April will be released at 9:45 a.m. ET on Monday, followed by ISM manufacturing at 10 a.m.

Enjoyed this article?
For exclusive stock picks, investment ideas and CNBC global livestream
Sign up for CNBC Pro
Start your free trial now

Products You May Like

Articles You May Like

To Close The Tax Gap, Don’t Just “Audit The Rich.” Improve IRS Customer Service For All Americans.
More than 1 million new $1,400 stimulus checks have been sent. Here’s who got a payment
Stock futures are flat after the Dow closed at a record
Exxon posts a profit, snapping four-quarter loss streak
Key Takeaways From Latest GDP Numbers

Leave a Reply

Your email address will not be published. Required fields are marked *