US STOCKS-Futures extend recovery ahead of U.S. business surveys
21/05/2021 11:46
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* Futures up: Dow 0.30%, S&P 0.26%, Nasdaq 0.21%
By Medha Singh
May 21 (Reuters) - U.S. stock index futures ticked higher on
Friday, extending a recovery from the previous session, as
attention shifted to business surveys at the end of a volatile
week of trading.
Data firm IHS Markit's U.S. manufacturing and service sector
PMIs is set to be released before the opening bell and comes on
the heels of surveys in the euro zone indicating the fastest
pace of business growth in over three years in May. urn:newsml:reuters.com:*:nL2N2N80IR
Wall Street's main indexes gained ground on Thursday
following a three-day slump after data showed the fewest U.S.
weekly jobless claims since the pandemic-driven recession in
2020, pointing to a pick up in labor market.
The stock market recovery was led by tech-related mega-cap
shares, putting the Nasdaq on course to snap a four-week losing
streak as worries over higher interest rates weighed on the
tech-heavy index. The S&P 500 and the Dow were headed for second
straight weekly declines.
At 6:17 a.m. ET, Dow e-minis 1YMcv1 were up 103 points, or
0.3%, S&P 500 e-minis EScv1 were up 10.75 points, or 0.26%,
and Nasdaq 100 e-minis NQcv1 were up 28 points, or 0.21%.
Bitcoin BTC=BTSP hovered around $40,000, pausing its
attempt to recover from this week's massive plunge.
Cryptocurrency-related stocks Coinbase Global COIN.O , Riot
Blockchain RIOT.O and Marathon Digital Holdings MARA.O
firmed 0.7% and 2%.
Deere & Co DE.N gained 2.4% after the farm equipment
manufacturer raised its full-year profit forecast. urn:newsml:reuters.com:*:nL3N2N82K0
Shoes and apparel retailer Foot locker FL.N rose 0.8%
ahead of its results.
(Reporting by Medha Singh and Shashank Nayar in Bengaluru;
Editing by Maju Samuel)
((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780,
outside U.S. +91 80 6182 2802; Twitter: https://twitter.com/medhasinghs;))