Stocks futures marks little changed open in early morning trading. Stock futures pointed to opening gains of on Thursday.
The Dow Jones Industrial Average Futures surged 177 points after marking an opening gain of about 100 points on Thursday. On the same day, S&P 500 futures and Nasdaq-100 futures pointed to small gains.
On Wednesday, stocks rose as hopes rise on slowing coronavirus spread. The Dow Jones Industrial Average added 779.71 points, or 3.4%, to end the trading day at 23,433.57. The S&P 500 gained 3.4% to 2,749.98 and the Nasdaq Composite climbed 2.6% to 8,090.90.
On Tuesday, stocks ended slightly higher, but then surged on Monday. Dow gained 11.3% and the S&P 500 has jumped 10.5% this week.
The Dow climbed 29% while the Nasdaq Composite tumbled less than 10% this year.
According to economists, the unemployment rate will increase this march, from March’s 4.4% level and February’s 3.5% level.
Federal Reserve Chairman Jerome Powell is set to speak about the economy and coronavirus crisis. The updates came after the Federal Open Market Committee revealed minutes in March.
“With regard to monetary policy beyond this meeting, these participants judged that it would be appropriate to maintain the target range for the federal funds rate at 0 to ¼ percent until policymakers were confident that the economy had weathered recent events and was on track to achieve the Committee’s maximum employment and price stability goals,” the statement from Federal Open Market Committee’s emergency meeting.
