FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell arrives to speak to reportersin Washington, U.S., March 3, 2020. REUTERS/Kevin Lamarque

Summary List Placement
US futures were mixed on Friday morning, with investors set for a quiet end to a calm week.
Inflation fears have receded and the Fed has pledged to keep up support, helping tech stocks.
Fed Chair Jerome Powell said Thursday that he wants to “get back to a great economy.”
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US stock futures were mixed on Friday morning after equities rose to record highs on Thursday following more dovish comments from Federal Reserve Chairman Jerome Powell and a fall in bond yields.

S&P 500 futures were up 0.05%, Dow Jones futures rose 0.11%, while Nasdaq 100 futures slipped 0.09%.

Stocks in Asia broadly fell overnight after the US blacklisted seven Chinese supercomputing entities and data showed a sharp 4.4% rise in Chinese producer price inflation. China’s CSI 300 ended 1.5% lower.

In Europe, the continent-wide Stoxx 600 inched 0.04% higher while the UK’s FTSE 100 fell 0.22%.

It has been a quieter week on the global stock markets, with a lack of major developments leading to calmer trading, although shares have moved firmly higher.

The S&P 500 had risen around 1.9% across the week as of Thursday’s close, taking it to new highs.

Increasing optimism about the US’s economic recovery, thanks to its ongoing vaccination rollout and huge stimulus packages, has helped stocks.

The Federal Reserve has also played its part, with minutes from its last meeting showing that policymakers do not plan to cut back on support for the economy any time soon.

Fed Chair Jerome Powell on Thursday reiterated that message at a virtual International Monetary Fund panel, and played down the risks of inflation.

“We just need to keep reminding ourselves that even though some parts of the economy are just doing …read more

Source:: Business Insider


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