It's not clear that the stock market's recent rally will end today, but it's also unclear that it will continue, with futures trading close to the flat line.
U.S. stock futures were flat this morning after the S&P 500 closed Wednesday at its highest since Oct. 9, the Nasdaq since Oct. 3. Wednesday marked six months since the most recent record high by one of the major averages, with the Dow's all-time high having been set on Oct. 3, 2018.
On the data front, the Labor Department releases its weekly report on initial jobless claims at 8:30 a.m. ET. Separately, automaker Ford will release its first quarter sales figures this morning, two days after other major automakers issued numbers for either March or the first quarter. Ethiopian authorities said Boeing must review the"controllability" of the 737 MAX 8 aircraft model before it can fly again. Boeing has suggested that the crash may have been avoided had pilots followed established safety procedures.
Ways and Means Committee Chairman Richard Neal, D-Mass., last night said he had filed a formal request with the Treasury Department for Trump's tax returns. Democrats have been demanding to seem them since 2016. Apple's Beats brand unveiled the new Powerbeats Pro headphones, which appear to be a good alternative to AirPods, with a sportier design, adjustable ear plugs and water resistance.
Walt Disney's "Avengers: Endgame" set a one-day ticket sales record for the Fandango ticket-buying service, even though the movie doesn't hit theaters until the end of this month. Fandango, which is owned by NBCUniversal parent Comcast , did not disclose exactly how many tickets were sold.
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