- US futures were trading flat before the opening bell on Thursday.
- It is the last day of operations of the first quarter before the markets close for the Easter holidays.
- The S&P 500 is set to post its best first quarter since 2019.
US futures fell before the opening bell on the last day of the first quarter of 2024.
S&P 500 Futures they were down about 0.1% shortly before 6 a.m. ET. Nasdaq 100 Futures fell 0.15%, and Dow Jones Industrial Average Futures fell 0.07%.
After a three-day losing streak, stocks rebounded across the board on Wednesday, with the S&P 500 gaining 0.86% to close at another all-time high. The Dow Jones had its best day so far this year, while the tech-heavy Nasdaq Composite gained 0.51%.
Performances in 10-year US Treasury notes were stable in pre-market trading. The dollar rose on Wednesday as japanese yen fell.
Treasury yields rose following remarks by Fed Governor Christopher Waller that there had been There is no rush to lower interest rates.and wanted to see "at least a couple of months of better inflation data" before cutting.
He US Dollar Indexwhich tracks the value of the dollar against a basket of six other currencies, rose 0.25%.
Thursday is the last trading day of the first quarter, before markets close for the Easter holidays on Friday.
The S&P 500 is poised to close out its best first quarter since 2019, with gains of around 10%. The Dow Jones rose 5.5% and the Nasdaq Composite rose 9.3% for the quarter.
Investors will be watching economic data on jobless claims, gross domestic product and consumer confidence later.
The PCE, the Federal Reserve's favorite inflation gauge, will be released on Friday along with data on personal income and consumer spending.
Waller's hawkish comments on Wednesday indicated more caution about rising inflation than Powell expressed last week.
He suggested that it is "appropriate to reduce the total number of rate cuts or push them further into the future in response to recent data", specifically referring to recent inflation data as "disappointing".
