Stocks Try to End 3-Day Slump, Futures Up - InvestingChannel

Stocks Try to End 3-Day Slump, Futures Up



Stock futures were slightly higher on Friday as stocks attempt to snap a three-day losing streak.

Futures for the Dow Jones Industrials jumped 66 points, or 0.2%, to 28,452.

Futures for the S&P 500 acquired 7.25 points, or 0.2%, at 3,482.75.

Futures for the NASDAQ Composite leaped 55.75 points, or 0.5%, to 11,929.75.

Stock futures were slightly higher on Friday as stocks attempt to snap a three-day losing streak.

Those gains also came after Europe’s aviation regulator said Boeing’s 737 Max jet is safe to fly again. Boeing shares rose 3.8% in the premarket.

Investors were also awaiting the latest retail sales data for some direction.

Retail sales data, due Friday at 8:30 a.m. ET, will offer an update on the recovery in consumer spending. Economists polled by Dow Jones expect retail sales to rise by 0.7% in September, following a 0.6% rebound in August. Excluding autos, sales were expected to rise by 0.4%.

Lawmakers in Washington continued to send mix signals about progress toward a stimulus deal. Treasury Secretary Steven Mnuchin said Thursday that the White House won’t let differences over funding targets for Covid-19 testing derail stimulus talks with top Democrats.

Later, President Donald Trump said that he would raise his offer for a stimulus package above his current level of $1.8 trillion. House Democrats have passed a $2.2-trillion bill.

Overseas, in Japan, the Nikkei 225 doffed 0.4% Friday, while in Hong Kong, the Hang Seng index gained 0.9%.

Oil prices faded 37 cents to $40.59 U.S. a barrel.

Gold prices hiked $4.40 to $1,913.30.