- Buying momentum continued in Asia and European stock markets today, and S&P futures were priced up at 1.27% this morning prior to the opening in New York. The advances come after the S&P 500 rose 0.15% yesterday, marking a seventh straight day of gains which were capped by robust Q1 earnings calls from Meta and Microsoft. Retail investors are buying the dip, analysts say.
It was a confusing day in the markets yesterday as the U.S. reported a seemingly disastrous set of Q1 GDP numbers. Economic growth contracted by 0.3%, according to the topline figure, which horrified investors. Stocks initially dropped 2% on the news.
