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Dow Futures Rise Ahead Of Week Final Test For Stock Market


Friday, 5 June 2020 16:05 WIB

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U.S. stock-index futures pointed to modest gains Friday, as investors look to a labor-market report that could reflect soaring unemployment even as the data signals a decelerating pace of job losses in coronavirus-stricken America.

Futures for the Dow Jones Industrial Average were up 102 points, or 0.4%, at 26,355, those for the S&P 500 were up 10 points, or 0.3%, at 3,120.75, while Nasdaq-100 futures were 10.25 points, or 0.2%, higher at 9,644.

On Thursday, the Dow ended 11.93 points, or less than 0.1%, higher at 26,281.82. The fourth straight gain matches a similar streak of wins for the blue-chip index ended April 27, according to FactSet data. Meanwhile, the S&P 500 fell 10.52 points, or 0.3%, to close at 3,112.35 and the Nasdaq Composite Index finished 67.10 points, or 0.7%, lower to wrap up the session at 9,615.81, putting the index about 2.1% from its Feb. 19 all-time closing high. Both the S&P 500 and the Nasdaq ended a win streak at four consecutive days with the session’s loss.

For the week, the Dow is up 3.5%, the S&P 500 is up 2.3% and the Nasdaq is on pace for a weekly gain of 1.3%, as of Thursday’s close.

Source : Market Watch


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