Retail sales grew nearly 10% last month
| |  4/15/2021 | | | Have you seen our volatility scorecard? Sign up by clicking here! | Dow Eyes More Records on Sunny Earnings, Retail Bounce | By: Lillian Currens | | Stock futures are surging this morning as a slew of positive earnings reports roll in, and investors digest another round of upbeat economic data. Futures on the Dow Jones Industrial Average (DJI) are pointed up roughly 160 points, primed to hit even more fresh highs out of the gate, while futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also pointed notably higher. A massive 9.8% jump in retail for March is putting wind at the market's back today, deftly beating the Dow Jones estimate of 6.1%. A report from the Labor Department also showed that first-time unemployment filings dropped to their lowest level in over a year, coming in much lower than expected. Another round of bank earnings are also propping up stocks, with Citigroup (C) and Bank of America (BAC) both leaving the earnings confessional with quarterly reports that blew analysts forecasts out of the water. Continue reading for more on today's market, including: - Why YETI could be perfectly poised for a big breakout.
- The analyst expecting a full recovery from JetBlue stock.
- Plus, 2 chip stocks getting bull notes from Raymond James and AEO issues upbeat Q1 outlook.
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