This morning, the S&P 500 Index e-mini futures (ES-M3) are trading higher by 1.75 points to $1550.25 per contract. The futures were trading much higher before the weekly jobless claims report was released. The jobless claims report said that the amount of people who applied for new unemployment benefits jumped by 28,000 to a four-month high of 385,000. This number should not be surging like this at this point of the so-called recovery. Most traders and investors will now be watching tomorrow's non farm payroll report for the month of March very closely.
Traders and investors must keep a close eye on the leading financial stocks for clues. Recently, the U.S. financial stocks have seen some selling pressure. Some leading financial stocks that traders should follow closely are JPMorgan Chase & Co (JPM), BlackRock Inc (BLK), Goldman Sachs Group Inc (GS), and Morgan Stanley (MS). These stocks continue to lead the stock market up and down.
Below you may find the video.