S&P Futures Gain With Focus on U.S. PMI Data and Fed Speak
From Barchart: 2025-01-03 05:42:14
- The stock market saw a slight increase today with the Dow Jones rising by 0.5%, the S&P 500 up by 0.3%, and the Nasdaq gaining 0.7%.
- Investors are optimistic about the economy as jobless claims fell by 10,000 last week, reaching a total of 220,000.
- Tech stocks performed well, with Apple shares rising by 1.5% and Microsoft gaining 2% after announcing strong quarterly earnings.
- Oil prices continued to climb, with Brent crude reaching $75 per barrel due to concerns about supply disruptions in the Middle East.
- In other news, the Federal Reserve announced plans to keep interest rates steady, citing stable inflation and economic growth.
Read more at Barchart: S&P Futures Gain With Focus on U.S. PMI Data and Fed Speak