Dow Jones Industrial Average (DJIA) futures point to cautious gains on Thursday.
The MSCI World Index of global stocks is on track for its best month in history.
Investors continue to shrug off poor economic data as hopes turn to breakthrough coronavirus treatments.
Not many would have predicted this outcome a month ago. Global stocks are on track to hit their best month in history if the market closes in the green today. Dow Jones Industrial Average (DJIA) futures led the charge, up 80 points on Thursday.
The MSCI World Index, which tracks 1,643 stocks around the world, is up 13.3% for April. It’s the strongest showing since the index was created in 1986.
The U.S. stock market is also on pace for a blistering month. The S&P 500 will clock in the best monthly performance since 1974, barring any fireworks in today’s session.
Dow futures point to modest gains
Dow Jones futures contracts soared after the market closed last night. Solid earnings at Microsoft, Facebook, and Tesla helped ease concerns of a broad, tech-led selloff. The rally faded overnight, but DJIA futures remain up 81 points (0.35%)