The sharp rally in U.S. stocks appears set to pause, with futures drifting as tensions with China mount and investors await jobless claims data
The sharp rally in U.S. stocks this week appeared set to pause Thursday, with futures drifting as tensions with China mounted and investors awaited weekly jobless claims data.
Futures tied to the S&P 500 flitted between gains and losses, suggesting the benchmark will open roughly flat. Contracts linked to the Dow Jones Industrial Average edged up 0.6%. The blue-chips gauge closed above 25000 for the first time since early March on Wednesday, and posted its largest two-day advance in over a month.
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U.S. stock futures flat after reopen rally carries Dow back above 25,000Futures contracts tied to the major U.S. stock indexes held steady at the start of the overnight session Wednesday evening.
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New York Stock Exchange Reopens Trading Floor After 2-Month ClosureThe trading floor of the New York Stock Exchange has opened after two months of electronic trading. 'This moment comes as we begin working together across America to restart our economy,' NYSE's president, Stacey Cunningham, said in a statement.
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