April 11, 2021

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The daily business briefing: March 26, 2021

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U.S. stock index futures made modest gains early Friday after a dramatic Thursday turnaround for the Dow Jones Industrial Average. Futures for the Dow, the S&P 500, and the Nasdaq were up by 0.2 percent to 0.3 percent several hours before the opening bell. The Dow closed up by about 200 points or 0.6 percent on Thursday after dropping by as much as 300 points earlier in the day. Futures got a boost from bank stocks, which gained strength after the Federal Reserve said that banks could raise dividends and resume buybacks in late June. The central bank earlier had said it would lift the restrictions, imposed during earlier in the coronavirus pandemic, in the first quarter of this year. Shares of major banks, including JPMorgan and Citigroup, made modest gains in after-hours trading. [CNBC]


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