Yahoo Finance Stocks- U.S. Futures Rise as Investors Push Aside Trade War Concerns
Investing.com – U.S. futures were higher on Friday, as investors put aside their trade war fears.
The S&P 500 futures rose 12 points or 0.45% to 2,765.0 as of 6:45 AM ET (10:45 GMT) while Dow futures increased 107 points or 0.44% to 24,579.0. Meanwhile tech heavy Nasdaq 100 futures gained 26 points or 0.37% to 7,264.50.
While equities were higher, they were still on track for their worst weekly loss in three months as trade tensions between the U.S. and its allies lingered. India joined China and the European Union in retaliation against steel and aluminum tariffs, while the EU imposed tariffs on about $3.4 billion of U.S. imports on Friday, including motorcycles, orange juice and cranberry sauce.
Beverage firm Coca-Cola Company (NYSE:KO) was among the top gainers in pre-market trading, rising 1.14% while Netflix (NASDAQ:NFLX) rose 1.10% and Intel (NASDAQ:INTC) gained 0.98%.
Meanwhile Tesla (NASDAQ:TSLA) fell 0.72% after it announced it was closing a dozen solar facilities in nine U.S. states. General Electric (NYSE:GE) dipped 0.39% while Microsoft (NASDAQ:MSFT) inched down 0.04%.
In economic news, Markit is set to release its manufacturing and services indexes at 9:45 AM ET (13:45 GMT).
In Europe stocks were up. Germany’s DAX rose 36 points or 0.29% while in France the CAC 40 increased 36 points or 0.69% and in London, the FTSE 100 was up 47 points or 0.63%. Meanwhile the pan-European Euro Stoxx 50 gained 21 points or 0.64% while Spain’s IBEX 35 jumped 73 points or 0.76%.
In commodities, gold futures were flat at $1,270.50 a troy ounce while crude oil futures rose 0.99 to $66.19 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies, was down 0.25% to 94.30.
Related Articles
Satellite operator Echostar builds stake in bid target Inmarsat
Wall Street Week Ahead: Supercharged telecom sector could become investor favorite
