Day trading pre-market open March 30

Morning traders. Thanks loungers, especially @Ravgnome and @Patterns.

Outlook for the day: Positive. The ASX 200 targets a four-session win streak after US stocks rally.

ASX futures: up 48 points or 0.68%

Overnight themes:

• US stocks surge after upbeat corporate updates imply the economy is holding up better than expected under higher rates.
• S&P 500 closes at highest in more than three weeks.
• All 11 US sectors rally. Positive outlook from chipmaker Micron boosts tech sector.
• Financials also strong as banking worries subside. “Every day that something doesn’t break is a good day,” Ed Yardeni, president of Yardeni Research, said.

Key events today: US quarterly GDP, weekly unemployment claims (tonight)

S&P 500: up 57 points or 1.42%

Dow: up 323 points or 1%

Nasdaq: up 210 points or 1.79%

Dollar: down 0.44% to 66.77 US cents

Iron ore (Dalian): up 1.5% to US$129.26 (3rd straight rise)

Brent crude: down 37 US cents or 0.5% to US$78.28

Gold: down US$5.90 or 0.3% to US$1,984.50 (3rd loss in 4 sessions)

NYSE Arca Gold Bugs: down 0.37%

Copper (LME): up 0.03% to US$8980.50

Nickel (LME): down 1.41% to US$23,785

Global X Lithium & Battery Tech ETF: up 2.56% to 3-week high

BHP: up 1.95% (US); up 1.93% (UK)

Rio Tinto: up 1.18% (US); up 1.03% (UK)