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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. companies' stock purchases via buybacks, M&A to hit 6-year high in 2024, Goldman says'A surge in share buybacks and continued growth in cash mergers and acquisitions (M&A) will be the primary drivers of corporate equity demand,' Cormac...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

U.S. companies' stock purchases via buybacks, M&A to hit 6-year high in 2024, Goldman saysExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Stocks open lower to start the last week of Q1 2024Stock market indexes (^DJI, ^IXIC, ^GSPC) open Monday's trading session in the red to begin the final week of 2024's first quarter. The trading week will be ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »