U.S. stock futures pointed to a flat to lower start on Monday, following last week’s strong jobs data, as investors look ahead to another busy week for data and the start of first-quarter earnings season.
How are stock-index futures trading? Stock and bond markets were closed for the Good Friday holiday. Following a volatile session on Thursday, the Dow industrials DJIA rose 2.57 points to end almost flat at 33,485.29, the S&P 500 SPX rose 0.4% to 4,105.02, while the Nasdaq Composite COMP gained 0.8% to finish at 12,087.96. The Nasdaq Composite and S&P 500 indexes each snapped 3-week win streaks.
Hopes that the Fed’s rate-hiking program was nearing an end has helped interest-rate sensitive tech stocks gain 15% year-to-date, outperforming a near 7% rise for the S&P 500 and a 1% gain for the Dow industrials. U.S. Treasury yields were pointing lower for Monday, with those for the 10-year Treasury note TMUBMUSD10Y down 4 basis points to 3.362% and those for the 2-year Treasury note TMUBMUSD02Y off 3 basis points to 3.933%.
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