On Friday morning, there was a positive shift in stock futures as Wall Street intends to prolong its year-end rally.
Futures for the Dow Jones Industrial Average surged by 322 points, equivalent to about 0.87%. S&P 500 futures experienced a rise of approximately 1%, while Nasdaq 100 futures saw a slight dip of 0.31%.
This movement in futures follows a rebound day on Wall Street, where the Dow skyrocketed by 322 points, erasing a large portion of its losses from Wednesday. The S&P 500 and Nasdaq Composite also experienced gains of 1.0% and 1.3% respectively.
During Thursday’s trading, the small-cap Russell 2000 took the lead with a notable increase of 1.7%, continuing the ongoing trend of the market rally expanding as bond yields decrease and traders anticipate rate cuts from the Federal Reserve. The small-cap index is now on track for its sixth consecutive positive week.
Source (CNBC)
