Dow recovery futures gain more than 100 points as optimism for economic recovery grows

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.

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