U.S. Stocks Open Slightly Higher after March Jobs Report

Tiger Newspress2022-04-01

Stocks rose Friday as investors assessed a new quarter of trading and a troublesome bond market recession indicator.

The Dow Jones Industrial Average gained 106 points, or 0.3%. The S&P 500 rose 0.4% and the Nasdaq Composite futures added about 0.5%.

Wall Street is fresh off its first negative quarter in two years, but there were positive signs for investors on Friday. Beaten-down tech stocks were pushing higher in early trading, with chipmaker AMD and streaming company Roku each rising more than 1%.

The price of U.S. benchmark West Texas Intermediate fell below $100 per barrel as the Biden administration pledged to release more strategic oil reserves.

Video game retailer GameStop Corp said on Thursday it would seek shareholder approval for a stock split, aiming to become the latest U.S. company to make it easier for retail investors to own its shares.The firm's shares jumped 10% in morning trading.

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Comments

  • JCai
    2022-04-04
    JCai
    K
  • WifeWhyWhy
    2022-04-03
    WifeWhyWhy
    Ok
  • Goodmeng
    2022-04-02
    Goodmeng
    Nice 
  • PearlynCSY
    2022-04-02
    PearlynCSY
    Dow climbs more than 100 points as Wall Street begins second quarter on a positive note. A day earlier, the Dow and S&P 500 closed down 4.6% and 4.9%, respectively for the first quarter. And the Nasdaq lost 9% in the first quarter. For the three major averages, this was worst period since the first quarter of 2020, which marked the start of the Covid pandemic in the U.S. and saw the S&P 500 tumble 20%. The start of a rate hiking cycle from the Federal Reserve, high inflation and the Ukraine crisis all contributed to the struggles for equities this quarter. Last week, the 2-year and 10-year Treasury yields inverted for the first time since 2019. Historically, it’s a signal that the economy is headed for a possible recession, though the inverted yield curve does not predict exactly w
  • BKT
    2022-04-02
    BKT
    Good. Pls like thanks.
  • SanWangtikup
    2022-04-01
    SanWangtikup
    [Smile] 
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