Futures Inch Higher from Records - InvestingChannel

Futures Inch Higher from Records



Stock futures inched higher on Friday as the S&P 500 and Dow Jones Industrial Average looked to end a winning week on a high note.

Futures for the Dow Jones Industrials gained 41 points, or 0.1%, to 35,443.

Futures for the S&P 500 eked 1.25 points to 4,455.75.

Futures for the NASDAQ Composite Index let go of 6.75 points to 15,071.75

The blue-chip Dow and the S&P 500 are on track to close out a winning week after gaining 0.8% and 0.6%, respectively, through Thursday. Both are at record highs. The tech-heavy NASDAQ Composite underperformed this week, down 0.1%.

Shares of Disney jumped more than 5% in pre-market trading after the media and theme park giant reported blowout fiscal third-quarter earnings, crushing Wall Street expectations on Disney+ subscriber growth and overall revenue and earnings.

Stocks are rising to records on the back of a stellar earnings season.

Year-over-year earnings growth is expected to be 92.9%, according to Refinitiv. So far about 90% of the S&P 500 companies have handed in their quarterly report, and about 88% of them beat earnings estimates from Wall Street analysts.

Airbnb shares fell 4% after the travel company issued a warning about volatility due to the COVID delta variant.

Overseas, in Japan, the Nikkei 225 index faded 0.1%, while in Hong Kong, the Hang Seng index fell 0.5%.

Oil prices fell 15 cents to $68.94 U.S. a barrel.

Gold prices soared $8.20 to $1,760 U.S. a pound.

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