Dow futures are little changed ahead of last day of March

Dow futures are little changed ahead of last day of March


Stock futures were slightly higher in overnight trading Wednesday ahead of the last trading day of the month and quarter.

Futures on the Dow Jones Industrial Average was near flat. S&P 500 futures ticked up 0.1% and Nasdaq 100 futures added 0.3%.

Stocks are coming off a down session Wednesday in which the Dow and S&P 500 each snapped four-day win streaks. The Dow shed 65.38 points, or 0.2%. The S&P 500 fell 0.6% and the Nasdaq lost 1.2%.

Rising oil prices loomed over equities, with U.S. crude prices climbing more than 3% on Wednesday. Germany warned of potential rationing of natural gas due to disputes with Russia, and U.S. crude stockpiles fell.

“We’re going to be bouncing around between good news and bad news, unfortunately,” said George Mateyo, Key Private Bank chief investment officer. “That’s going to create some volatility.”

Higher oil prices boosted energy stocks, comprising the top-performing S&P 500 sector on Wednesday.

Stock picks and investing trends from CNBC Pro:

Investors are awaiting weekly jobless claims and personal income and spending data to be released Thursday morning.

Walgreens Boots Alliance also reports quarterly results before the bell Thursday.

Thursday marks the last trading day of March and of the first quarter. The S&P 500 and Nasdaq are on pace to finish the month up about 5% each, while the Dow is nearly 4% higher in March.

For the year, the Dow and S&P 500 are both down about 3% and the Nasdaq is off more than 7%.



Source

Daniel Loeb’s next task as his hedge fund turns 30: Avoiding becoming ‘AI roadkill’
Finance

Daniel Loeb’s next task as his hedge fund turns 30: Avoiding becoming ‘AI roadkill’

Daniel Loeb has found himself a new goal as his hedge fund Third Point entered its milestone 30th year: To be a true winner in the red-hot artificial intelligence boom and not run over by it. “Change is happening at an ever accelerating and increasing rate and it’s just going to require us to continue […]

Read More
Stocks making the biggest moves midday: Costco, Palantir, Gap, Ulta Beauty and more
Finance

Stocks making the biggest moves midday: Costco, Palantir, Gap, Ulta Beauty and more

Check out the companies making headlines in midday trading: Costco — The wholesaler gained more than 3% on fiscal third-quarter results that surpassed analysts’ estimates, while sales jumped 8% from the same period a year ago. Ulta Beauty — Shares of the beauty retailer skyrocketed nearly 13% to hit a 52-week high after the company […]

Read More
Stocks making the biggest moves premarket: Ulta Beauty, Airbnb, Gap, American Eagle and more
Finance

Stocks making the biggest moves premarket: Ulta Beauty, Airbnb, Gap, American Eagle and more

Check out the companies making headlines before the bell: UiPath — Shares surged 12% after the automation software company posted first-quarter operating income and revenue figures that exceeded FactSet estimates. UiPath also raised its full-year revenue guidance and sees its current-quarter revenue coming in between $345 million and $350 million, while analysts polled by FactSet […]

Read More