DJ Stocks on Track for Best Week This Year on Stimulus Hopes
U.S. stock futures edged higher Friday, suggesting that the market is poised for its best weekly performance of the year, on anticipation of a fresh coronavirus-relief spending package from the government.
S&P 500 futures ticked up 0.2%, while contracts linked to the Nasdaq-100 index gained 0.4%.
The U.S. jobs report for January, due out at 8:30 a.m. ET, will show whether the economy is picking up from a winter slowdown. There could be fewer job losses than usual this January because there were so many at the end of last year, economists have said.
The 10-year U.S. Treasury yield was down to 1.136% from 1.148%. Yields and prices move in opposite directions.
Overseas, the Stoxx Europe 600 climbed 0.3%. Among individual stocks, Delivery Hero rose 2.3%.
The U.K.'s FTSE 100, which is dominated by large international businesses, meandered after the flat line.
The Swiss franc, the euro and the British pound were up 0.2% against the dollar.
In commodities, international benchmark Brent crude strengthened 0.9% to $59.36 a barrel. Gold also gained 0.5% to $1,800.50 a troy ounce.
German 10-year bund yields were down to minus 0.457% from minus 0.451% and the yield on U.K. 10-year gilts was up to 0.454% from 0.443%.
In Asia, indexes were mixed as Hong Kong's Hang Seng rose 0.7% and Japan's Nikkei 225 index gained 1.5%, whereas China's Shanghai Composite declined 0.2% after trading higher 1% during the session.
-- An artificial-intelligence tool was used in creating this article.
(END) Dow Jones Newswires
February 05, 2021 03:42 ET (08:42 GMT)
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