Finance

Stock futures rise slightly ahead of first trading day of May

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Traders on the New York Stock Exchange

Source: NYSE

U.S. stock futures moved higher in overnight trading on Sunday as investors readied for the first trading day of May.

Dow futures rose 75 points. S&P 500 futures gained 0.27% and Nasdaq 100 futures rose 0.22%.

Monday marks the first trading day of May. Despite Friday’s weakness in equities, the S&P 500 notched its third straight month of gains in April, adding more than 5% to the index as investors bet on a big economic and profit recovery from the pandemic.

The S&P 500 is now up 11% for the year. The benchmark closed at record levels on Thursday on the heels of blowout earnings results from Apple and Facebook.

The Dow rose about 2.7% last…



Source cnbc.com

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