Inventory futures have not modified a lot for the reason that S&P 500 hit a brand new document

US stock futures were idle early in the trading day after the S&P 500 set a new record in its regular session.

Futures linked to the Dow Jones Industrial Average implied an opening profit of around 60 points. S&P 500 futures traded just above the flatline while Nasdaq 100 futures traded a little lower.

Pre-market moves were small, but stocks related to the recovering economy gained in early trading. General Electric and Carnival Corp were up 1%. JPMorgan added 0.9%. Tech stocks like Apple and Netflix pulled back slightly in early trading.

The yield on 10-year government bonds rose slightly.

The key averages rose on Thursday, aided by gains in technology stocks. The Dow Jones Industrial Average rose 57 points, aided by a nearly 2% rise in Apple stock.

The S&P 500 rose 0.42% to close at a record high for the second day in a row.

The Nasdaq Composite was the relative outperformer, gaining more than 1% as Amazon, Netflix, Microsoft, and Google’s parent Alphabet closed higher.

Investors largely shook off an unexpected surge in unemployment claims from last week. The Department of Labor first reported 744,000 claims for the week ending April 3, well above expectations of 694,000 economists surveyed by Dow Jones.

Government bond yields had pulled back from their recent highs on Thursday, with 10-year government bond yields at 1.6%.

Federal Reserve Chairman Jerome Powell described Thursday’s recovery from the pandemic as “uneven,” suggesting a more robust recovery is needed.

“The recovery remains uneven and incomplete,” Powell said Thursday in a virtual event presented by the International Monetary Fund and hosted by CNBC’s Sara Eisen. “This unevenness that we are talking about is a very serious problem.”

The major averages are supposed to end the week higher. The Dow is up nearly 1.6% this week. The S&P 500 has gained more than 1.9% since Monday. The Nasdaq Composite gained more than 2.5% towards Friday.

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