The stability of US stock futures ahead of the weekend session

US stock futures settled on Friday as Standard & Poor’s tried to catch a breath following a seven-week losing streak.
Dow futures rose 36 points, or 0.11%. Also, futures for the S&P 500 and Nasdaq rose 0.28% and 0.4%, respectively.
US stock indices closed on Wall Street with a significant increase, Thursday, following optimistic expectations of retail sales returns and easing concerns regarding a sharp interest rate hike from the US Central Bank, which prepared investors for purchases.
The three major indices posted solid gains.
The biggest rise was for the Nasdaq index, which includes technology companies, as it increased by 2.7 percent, driven by gains made by Apple, Tesla and Amazon.
On a weekly basis, the three indices, which are the Standard & Poor’s 500, Nasdaq and Dow Jones, are on their way to ending their longest losing streak in decades.
According to the current rates, the three indices are heading towards achieving the largest weekly gains since mid-March.
The Dow Jones Industrial Average rose 516.91 points, or 1.61 percent, to record 32,637.19 points, the Standard & Poor’s 500 Index rose 79.11 points, or 1.99 percent, to record 4,057.84 points, while the Nasdaq Composite Index rose 305.91 points, or 2.68 percent, to 11,740.65 points.
Twitter shares jumped 6.4 percent on news that the company will sue billionaire Elon Musk over his delay in disclosing his stake in the company.
And the shares of the Chinese e-commerce group, Alibaba, listed in the United States, rose 14.8 percent following the company’s performance exceeded estimates, although it declined to provide guidance on its future expectations in light of the restrictions of Covid-19 in China.
(agencies)