Futures tied to the S&P 500 rose 0.9%, a day after the broad stocks gauge posted its biggest one-day advance since November. Contracts for the Dow Jones Industrial Average and the technology-heavy Nasdaq-100 climbed also gained roughly 0.9%.
Stock markets have steadied globally this week after a choppy January, when extreme moves in some individual stocks, signs of a slowdown in the U.S. economy, and concerns about the pace of the vaccine rollout and new coronavirus variants weighed on share prices. by robust earnings reports from large-cap companies, as well as a decline in coronavirus cases in the U.S. and several other major economies.. Shares of giant tech companies have continued to power the broader market in 2021, pushing the Nasdaq Composite up 4% so far this year.
“The bar for tech was actually quite high” coming into earnings season, said Hani Redha, a multiasset portfolio manager at PineBridge Investments. “Overall, for the sector, we are still seeing very strong earnings delivered.”
Give Biden a chance. Wear a mask socially distance. Lets do this
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