Dow futures are pointed higher by triple digits
| 3/26/2021 | | Have you seen our volatility scorecard? Sign up by clicking here! | Dow Futures Looking to Finish the Week Strong | By: Lillian Currens | Stock futures are all over the place this morning, with futures on the Dow Jones Industrial Average (DJI) set to extend last night's gains -- eyeing a nearly 150-point pop in premarket trading -- while futures on the S&P 500 Index (SPX) are pointed marginally higher. Nasdaq-100 Index (NDX) futures, on the other hand, are slipping as the day points to more weakness out of the tech sector. Investors are once again targeting stocks tied to the economic reopening, and bank stocks are also getting a boost after the Federal Reserve made an announcement that financial institutions could resume buyback programs and raise dividends by the end of June. On the economic data front, it looks like U.S. consumer spending saw a wider-than-expected drop last month, as winter weather ravaged most of the country, though this drop is thought to be short-lived. Continue reading for more on today's market, including: - Options players took notice as Nike faced social media backlash in China.
- The freight stock poised for even more fresh highs, according to a historically bullish technical signal.
- Plus, Altria upgraded; NLY inches higher on billion-dollar sale; and NIO takes a hit amid semiconductor shortage.
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