Futures tied to major U.S. equity benchmarks rose in early morning trading on Friday as Wall Street attempts to build on its record-breaking rally. The Dow Jones Industrial Average was set to wipe out its 2020 losses at the open.
Futures for Dow Jones Industrials hurtled higher 154 points, or 0.5%, early Friday, to 28,622.
Futures for the S&P 500 advanced 12 points, or 0.3%, at 3,497.25. The S&P 500 reached a new all-time high for a fifth day in a row on Thursday, and briefly topped 3,500 for the first time ever.
Futures for the NASDAQ Composite picked up 12.25 points, or 0.1%, to 11,965.
So far this week, the S&P 500 is up 2.5%, on pace for its best week since July 2 and its fifth straight week of gains for the first time this year. The Dow and the NASDAQ also have gained more than 2% each week to date.
Investors will monitor fresh economic data on Friday, including consumer spending, personal consumption expenditures as well as consumer sentiment.
Overseas, in Japan, the Nikkei 225 faded 1.4% Friday, while in Hong Kong, the Hang Seng index gained 0.6%.
Oil prices let go of a penny to $43.03 U.S. a barrel.
Gold prices hiked $36.00 to $1,947.40 U.S.