On Friday, stock futures saw an increase as investors aimed to build upon the strong gains driven by the technology sector in the previous session. Futures tied to the S&P 500 rose by 0.4%, while Dow Jones Industrial Average futures experienced a 0.2% increase of 66 points. Additionally, Nasdaq 100 futures saw a 0.7% rise.
In Thursday’s trading, there was a significant upward movement in stocks, resulting in the S&P 500 and Nasdaq completely recovering their losses from 2024. The Nasdaq led the weekly gains with a 0.55% advance, whereas the Dow demonstrated a slight decline of 0.33%. The S&P 500 experienced a marginal decrease of 0.06%.
The surge on Thursday can be attributed to notable advancements in the technology sector, following Bank of America’s decision to upgrade Apple’s stock rating to a buy. Apple shares observed their largest single-day gain since May 5, 2023, despite the concurrent increase in the benchmark 10-year Treasury yield.
Source (CNBC)
