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S&P Futures Hit All Time High To Start The New Quarter

Now that the quarter-end rebalance malarkey is behind us, it’s full steam ahead into the new quarter and S&P futures hit a new all time high overnight rising as high as S&P Futures Hit All Time High To Start The New Quarter3,984 before stabilizing up 0.3%, breaching Wednesday’s best levels as signs of faster job creation in the US fueled optimism about the global recovery (although all that will change tomorrow if the NFP whisper of 1.8MM jobs is remotely accurate). Oil climbed above $60 per barrel before a meeting of OPEC+ on extending production cuts.

At 7:30 a.m. ET, Dow E-minis were up 12 points, or 0.04%, S&P 500 E-minis were up 12 points, or 0.30%. Nasdaq futures rose as much as 1.1%, as “high flying” FAAMG stocks added between 0.6% and 1.1% after underperforming last month on concerns over elevated valuations. Some notable premarket movers:

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