(MENAFN- Baystreet) Dow Hikes, Achieves 7-Day Streak
Dow Aims at Seven Straight Daily Gains
Dow Looking at 7th Straight Upward Session
Six-Day Streak for Dow in Danger
Dow Leaps for 6th Straight Positive Session Subscribe to Get Small Cap News & Alerts Glenn Wilkins - Friday, May 10, 2024
Dow to Push for 8-Session Win Streak Advertisment
U.S. stock futures rose Friday, putting the
Dow Jones Industrial Average on track for another winning session.
Futures for the 30-stock
index jumped 101 points, or 0.3%, to 39,637.
Futures for the
S&P 500 regained 17.75 points, or 0.3%, at 5,256.75.
Futures for the NASDAQ Composite resurfaced 77.5 points, or 0.4%, to 18,292.
The Dow enters Friday riding a seven-day winning streak, its longest since a nine-day run seen in December. The S&P 500 also advanced Thursday, closing above 5,200 for the first time since early April.
Investors have been more optimistic lately after the Federal Reserve indicated the next move is unlikely to be a hike, pointing to a cap on interest rates that could be bullish for equities. A strong earnings season, as well as some softer labour data, have also bolstered confidence in the stock outlook.
Stocks are on pace for a winning week as of Thursday's close. The Dow has gained 1.8%. The S&P 500 captured 1.7% and the NASDAQ Composite was higher by 1.2%.
In Japan, the Nikkei 225 progressed 0.4%, while in Hong Kong, the Hang Seng Index popped 2.3%.
Oil prices climbed 41 cents to $79.67 U.S. a barrel.
Gold prices took on $32.80 to $2,373.10 U.S. an ounce.
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