In the long run, futures stocks fall above major averages after the first positive session of three

US stock index futures fell on Wednesday to overnight trading, maintaining the gains of the major averages in the session.

Dow Jones industrial average futures fell 31 points. The S&P 500 futures fell 0.15%, while the Nasdaq 100 futures fell 0.15%.

Shares rose on Wednesday during regular trading hours, recording a series of two-day losses as companies reopening the economy led the way above. The Dow advanced 316 points, or 0.93%, while the S&P 500 rose 0.93%. Nasdaq Composite was relatively better than the major indices, gathering 1.19%.

The small caps were a very important point during the session, Russell 2000 ending the day with 2.35% higher for the best day from March 1.

The Dow and the S&P 500 are less than 1% behind their record highs on Friday amid continued optimism about the pace of economic recovery.

“Stocks continue to pull on almost ‘all cylinders’ and remain in a strong position as the bull expands cyclically, secularly and increasingly defensively. [sector] with an offensive economy “, noted Evercore ISI strategies. Their amount, corroborated with the growth of metals and materials, a milquetoast dollar and a decade of 1.55%, offers the technical definition of” Goldilocks “as we Strengthen the strong rally on key support, “the company said.

A week full of earnings season will continue on Thursday, with a number of companies reporting quarterly results.

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

Economic data released on Thursday will also provide investors with a snapshot of the ongoing economic recovery. Initial complaints for the unemployed will be released at 8:30 a.m. ET, economists expect a print of 603,000, according to Dow Jones estimates. Existing home sales data will be released at 10 a.m. ET.

“Significant stimulus, with more revenue from the Biden administration, has led to increased economic forecasts and could push EPS’s overall expectations from the current $ 174 consensus projection to $ 180-185,” said Citi’s Tobias Levkovich. in a recent note. “We believe that the shares reflect a little closer to 190 USD, which suggests that there are already many prices and that any deficiency could cause a significant withdrawal,” he added.