Stock futures traded higher on Friday morning, as optimistic growth in economic recovery followed tight labor market data.
The futures rose by 1,144 points for the Dow Jones Industrial Average. S&P F00 futures and Nasdaq 100 futures also traded in positive territory.
Sales force Shares of the software company rose nearly 2.2% in extended trading on Thursday First quarter income Beat Wall Street expectations on its top and bottom lines. HP Despite better-than-expected second-quarter results, the stock plunged nearly%.
The Dow Jones Industrial Average rose 111.5 points in regular trading on Wednesday, while the S&P rose 0.100 0.0%. The Nasdaq Composite Flat closed.
Amid optimism about the recovery economy, Boeing’s shares gained nearly %%. For the first time, a new epidemic of jobless claims has fallen, According to Labor Department data.
“Two macro factors may be contributing to increased confidence in recovery today: signs of high inflation and good employment,” Chris Hussey, managing director of Goldman Sachs, said in a statement.
Meme stocks With massive Thursday surges, fueled by traders on Reddit’s Wall StreetBates forum AMC Shooting as much as% shooting. Shares of the movie-theater chain closed higher at 6.35..6% while another meme stock Gamestop gained 8.8%.
Major indices are on track to close higher this week. The S&P 500 is up 1.08% week on date. The blue-chip Dow is up 0.7575% over the same period, while the Nasdaq is up about 2%.
This week’s high moves come as investors in Washington look back and forth on a comprehensive infrastructure package that could push the economic recovery forward. Senate Republicans unveiled a $ 928 billion infrastructure counter Thursday to President Joe Biden. However, that is less than Biden’s latest offer of .7 1.7 trillion.