Stock Groups

Dow futures are little changed ahead of last day of March

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Stock futures traded slightly higher Wednesday night ahead of Thursday’s last trading day for the quarter.

The Dow Jones Industrial Average futures were almost flat. S&P 500 futures ticked up 0.1% and Nasdaq 100 futures added 0.3%.

Stocks are coming off a down session Wednesday in which the Dow and S&P 500 each snapped four-day win streaks. The Dow lost 65.38 points or 0.2%. The S&P 500 fell 0.6% and the Nasdaq lost 1.2%.

Equities were affected by rising oil prices, as crude oil prices in the United States rose more than 3 percent on Wednesday. Germany warned of potential rationing of natural gas due to disputes with RussiaPlease see the following: U.S. crude stockpiles fell.

George Mateyo is the chief investment officer at Key Private Bank. He stated that “We are going to be moving around between bad and good news,”. That’s going create volatility.

Higher oil prices boosted energy stocks, comprising the top-performing S&P 500 sector on Wednesday.

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Investors wait for weekly jobless claims to be reported and data about personal income and expenditure to be published Thursday morning.

Walgreens Boots Alliance also reports quarterly results before the bell Thursday.

Thursday will mark the close of trading for March and the start of quarter. The S&P 500 and Nasdaq are on pace to finish the month up about 5% each, while the Dow is nearly 4% higher in March.

For the year, the Dow and S&P 500 are both down about 3% and the Nasdaq is off more than 7%.

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