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Stock futures will rise as the market sees a recovery from Thursday’s sold out – News


A trader on the floor of the New York Stock Exchange.

Source: NYSE

Equity futures rose in early Friday morning trading after a fall in key indices on Thursday amid fears of slowing economic growth.

The Dow Jones Industrial Average futures rose 117 points. Both S & P 500 futures and Nasdaq 100 futures were traded in the positive territory.

Thursday’s loss was caused by a surge in highly infectious Deltacovid variants, which also fueled concerns about a recovery in the global economy.Olympic Announcement of ban on spectators At the Tokyo Summer Olympics when Japan declared a state of emergency to curb the spread of the coronavirus.

The Dow ended Thursday’s regular session 259.86 points (0.75%) below. The S & P 500 fell 0.86%, while the Nasdaq fell 0.72% to beat the four-day streak.

All three major averages are expected to lower the closing price for the week.

The market on Thursday put pressure on the stock prices of companies that led to the economic recovery. Major cruise lines, airlines and home refurbishment stocks plummeted. Chip stocks also fell, and Big Tech’s name receded after being acquired in a previous session.

“”[T]Goldman Sachs’ Chris Hussey said in a note on Thursday that growth peaked, the Fed turned off spigots (neither has happened yet), and preceded the second-quarter earnings season starting next Tuesday. , The market is still looking at what to do. ” ..

up to date Unemployment Insurance Claim Report According to Dow Jones, the number of first-time applicants for unemployment benefits announced Thursday also showed a potential slowdown in the labor sector as it unexpectedly surged to 373,000 in the week leading up to July 3.

Stock futures will rise as the market sees a recovery from Thursday’s sold out

Source link Stock futures will rise as the market sees a recovery from Thursday’s sold out

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