Stock futures decline after major averages after the first positive session in threes

U.S. stock market futures fell Wednesday night in trading, affecting gains in the main averages of the session.

Futures contracts tied to the Dow Jones Industrial Average fell 31 points. S&P 500 futures fell 0.15%, while Nasdaq 100 futures fell 0.15%.

Shares rose on Wednesday during regular trading hours, reaching a two-day loss streak as companies linked to the reopening of the economy advanced the way. The Dow was up 316 points, up 0.93%, while the S&P 500 was up 0.93%. The Nasdaq Composite has been the relative surpasser of the main indices, with 1.19%.

Capitalization was a particular strong point during the session, with the Russell 2000 finishing the day 2.35% higher during its best day since March 1st.

The Dow and S&P 500 are less than 1% below their all-time highs, amid continued optimism about the pace of economic recovery.

“Stocks continue to fire at almost every cylinder and remain in a strong position as the bull expands through the cyclical, secular and increasingly defensive. [sector] with an offensive economy, “Evercore ISI strategists pointed out.” The sum of which, together with the increase in metals and materials, a thousand thousand dollars and ten years at 1.55%, offers the technical definition of “Goldilocks” as consolidating the powerful rally on the key support, ”the firm said.

Thursday will continue a busy week of profits, with a number of companies presenting quarterly results.

AT&T, DR Horton, Southwest, American Airlines, Union Pacific and Biogen are among the names on deck before the opening bell. Intel, Snap, Mattel, Boston Beer and Seagate Technology will report after the market closes.

Economic data released Thursday will also provide investors with a snapshot of the ongoing economic recovery. Initial unemployment claims will be posted at 8:30 a.m. ET, according to Dow Jones estimates. Existing data on home sales will be posted at 10.00 ET.

“A significant stimulus, with more from the Biden administration, has boosted economic forecasts and may raise EPS’s overall expectations of the consensus projection of $ 174 currently to $ 180-185,” Tobias Levkovich said. , by Citi, in a recent note. “We believe the stock reflects something closer to $ 190, suggesting that there is already a very high price and that any deficit could cause a significant setback,” he added.