Futures Soar Amid Long Dow Win Streak - InvestingChannel

Futures Soar Amid Long Dow Win Streak

Stock futures were higher Friday as traders assessed the latest corporate earnings results, and the Dow Jones Industrial Average tried to stretch its winning streak to 10 sessions.

Futures for the 30-stock index dipped 14 points to 35,387.

Futures for the S&P 500 picked up 8.25 points, or 0.2%, to 4,573.75.

Futures for the NASDAQ improved 58.75 points, or 0.4%, to 15,857.50.

The Dow is set to close the week up 2.1%, while the S&P 500 is on pace to finish the week up about 0.7%. The NASDAQ is poised to end 0.4% lower with just Friday’s session remaining.

Transportation companies CSX and Knight-Swift fell 5% each in the pre-market after reporting earnings that underwhelmed Wall Street analysts.

Corporate earnings have been mixed thus far. Seventy-three percent of S&P 500 companies that have already reported exceeding analysts’ expectations, according to FactSet data. However, that beat rate is below a three-year average of 80%, according to The Earnings Scout.

In Japan, the Nikkei 225 fell 0.6%. while in Hong Kong, the Hang Seng gained 0.8%.

Oil prices gained 99 cents to $76.64 U.S. a barrel.

Gold prices slid $5.40 to $1,965.50. U.S. an ounce.

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