Futures on the Dow Jones Industrial Average (DJIA) and broader U.S. stock market rose in after-hours trading Thursday, clawing back some of their brutal losses from the prior session.
As the outlook on the U.S. economy continues to deteriorate, Bloomberg provided a sobering take on the so-called Trump rally.
Dow Futures Rise; S&P 500, Nasdaq Follow
Futures for all three major U.S. indexes rose during the Asian session, mirroring a similar performance just 24 hours ago. Futures on the Dow Jones Industrial Average climbed 81 points, or 0.3%, to 26,066.00. The contract was up by as much as 103 points earlier.
Futures on the S&P 500 Index climbed 0.4% to 2,890.50. Nasdaq 100 mini contracts rose 0.4% to 7,573.25.
U.S. stocks plunged during New York trading Wednesday after a mixed payrolls report from ADP raised concerns over the economy’s health. The payrolls report showed a net increase of just 135,000 private-sector jobs last month.
U.S. Stocks Have Barely Moved the Last Two Years: Bloomberg
Donald Trump’s presidency was met with euphoria on Wall Street, as investors rallied…
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Author: Sam Bourgi