Stock market today: Stocks muted as booming first-quarter comes to close

US stock futures were muted Thursday morning as markets were set to close a fruitful first quarter of 2024. Futures tied to the S&P 500 , the blue-chip Dow Jones Industrial Average , and the tech-heavy Nasdaq Composite all hovered around the flatline. The benchmark S&P set its latest record close of the year on Wednesday, while the Dow surged nearly 500 points. With markets closed for the Good Friday holiday, Thursday will mark the final trading session of the quarter.

Wall Street firms almost can't keep pace with the S&P's surge and have continued to move up their year-end price targets. And history suggests the momentum could continue. A final reading on fourth-quarter GDP released on Thursday morning showed the US economy grew at a rate of 3.4% versus a prior estimate of 3.2%. On the employment front, initial jobless claims for last week came in at 210,000, versus estimates for 212,000.

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