Dow Jones Today: Stock Futures Holding Steady After Three Straight Days of Gains for Major Indexes
Stock futures are wavering between slight gains and losses Wednesday morning as the market looks to continue its recovery from a month-long slump.
Futures tied to the S&P 500 and tech-heavy Nasdaq recently were down 0.1% and 0.2%, respectively, while those linked to the Dow Jones Industrial Average added 0.1%. The major indexes eked out small gains on Tuesday to extend their winning streaks to three days, rebounding from a rout that was fueled by concerns about the potential impact of tariffs and the outlook for the U.S. economy.
Investors are awaiting further details on President Trump’s plans to impose wide-ranging reciprocal tariffs on U.S. trading partners, which the White House has said will happen on April 2. They’re also keeping a close eye on economic data reports amid fears that the economy could be headed toward a recession. The economic calendar is light on Wednesday but picks up in the coming days.
Shares of the world’s largest technology companies, which have helped pace the recent rally, were mixed this morning. EV maker Tesla (TSLA), which is riding a five-day winning streak, was down 1.5%, as was AI chipmaker Nvidia (NVDA). Microsoft (MSFT), Alphabet (GOOG) and Broadcom (AVGO) also lost ground, while Apple (AAPL), Amazon (AMZN) and Meta Platforms (META) inched higher.
GameStop (GME) was among the big gainers this morning, rising 13%, after the video game retailer late Tuesday updated its corporate investment policy to include bitcoin. Shares of Dollar Tree (DLTR) were up about 4% after the discount retailer announced a deal to sell its Family Dollar brand to a pair of private-equity firms for $1 billion.
Bitcoin was at $87,700 in recent trading, down slightly from where it was on Tuesday afternoon. Gold futures were up 0.2% at $3,035 an ounce, while West Texas Intermediate futures, the U.S. crude oil benchmark, rose 0.9% to $60.60.
The yield on the 10-year Treasury note, which had fallen during the stock market rout, was at 4.35%, up from 4.31% at Tuesday’s close and trading near its highest level in more than a month.