April 1 Premarket Briefing: 10 Things You Should Know

Updated from 6:58 a.m. EDT

Here are 10 things you should know for Tuesday, April 1:    

1.-- U.S. stock futures rose while global stocks were mostly higher after Federal Reserve Chairwoman Janet Yellen said the U.S. economy still needs "extraordinary" support for "some time to come."

European stocks rose in early trading. Japan's Nikkei 225 index, however, closed down 0.2%.

2.-- The economic calendar in the U.S. on Tuesday includes the ISM Index for March at 10 a.m. EDT, and construction spending for February at 10 a.m.

3.-- U.S. stocks on Monday rose following dovish comments from Yellen. The Fed chairwoman described the U.S. economy and labor market as far from healthy, suggesting the Fed's low interest rate policy will persist for some time. She told a conference the U.S. economy was "still considerably short" of the two goals assigned to the central bank: supporting low, stable inflation and maximum sustainable employment. 

The Dow Jones Industrial Average added 0.82% to close at 16,457.66, while the S&P 500 rose 0.79% to 1,872.34. The Nasdaq closed up 1.04% to 4,198.99. Monday marked the end of the first quarter, and despite early struggles the S&P 500 rebounded in March to post a quarterly gain of 1.3%. During the quarter, the Nasdaq added 0.54%, but the Dow lost 0.72%. 

4.
 -- Automakers, including General Motors (GM) and Ford (F) are expected to issue sales results for March throughout Tuesday.

GM CEO Mary Barra and federal regulators will be pressed by Congress in hearings beginning Tuesday over their handling of a safety defect in the Chevrolet Cobalt and other small cars.  ( GM)

GM said Monday it is recalling 1.5 million vehicles worldwide because the electronic power-steering assist can suddenly stop working, making them harder to steer.

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