U.S. stock market prediction for Thursday: S&P 500, Dow Jones, Nasdaq, Russell 2000 eye positive trading

U.S. Stock Market indexes futures for S&P 500, Dow Jones, Nasdaq, Russell 2000 were down. S&P futures were down by 0.39 per cent, Dow futures were down by 0.26 per cent, Nasdaq futures slipped by 0.58 per cent, and Russell 2000 futures fell by 0.45 per cent.





This comes after the U.S. stock market bounced back after pressure eased on Wall Street from the bond market and oil prices gave back some of their big gains. The S&P 500 climbed 1.1 per cent on Wednesday, its first rise in four days. The index is not far from the all-time high it set last week. The Dow Jones Industrial Average added 1.3 per cent, and the Nasdaq composite rallied 1.5 per cent.




Stocks got a lift from easing yields in the bond market, which halted their sharp recent climbs on worries about inflation. The yield on the 10-year Treasury fell back below 4.60 per cent as the price of Brent crude oil dropped 5.6 per cent.




On Wednesday, S&P 500 rose 79.36 points, or 1.1 per cent, to 7,432.97. Dow Jones Industrial Average rose 645.47 points, or 1.3 per cent, to 50,009.35. Nasdaq composite rose 399.65 points, or 1.5 per cent, to 26,270.36. Russell 2000 index of smaller companies rose 70.29 points, or 2.6 per cent to 2,817.36.




For the week, S&P 500 is up 24.47 points, or 0.3 per cent. Dow Jones is up 483.18 points, or 1 per cent. Nasdaq is up 45.21 points, or 0.2 per cent. Russell 2000 is up 24.07 points, or 0.9 per cent.




For the year, S&P 500 is up 587.47 points, or 8.6 per cent. Dow Jones is up 1,946.06 points, or 4 per cent, Nasdaq is up 3,028.37 points, or 13 per cent, Russell 2000 is up 335.46 points, or 13.5 per cent.