Stock futures rose on Friday, putting the Dow on track for a 10th day of gains and for technology stocks to recover from their tumble, as investors take stock of the latest batch of corporate earnings.
Dow Jones Industrial Average (^DJI) futures rose 0.1%, after the bluechip stock index bucked its peers with a win led by Johnson & Johnson on Thursday. After the losing sessions, the S&P 500 (^GSPC) futures rose nearly 0.3%, while the Nasdaq 100 added nearly 0.5%.
The market is starting to look forward to big tech results from the likes of Microsoft next week, after uninspired second-quarter updates from Tesla (TSLA) and Netflix (NFLX) sent the Nasdaq Composite (^IXIC) down 2% on Thursday. In focus are signs that the recent explosive rise in technology could continue.
American Express is the highlight of the earnings schedule on Friday, as the season maintains its strong start.
Investors are also beginning to prepare for next week’s federal policy decision, as they grapple with the chances of the US economy avoiding a sharp slowdown. The stream of encouraging data indicated that it has proven resilient in the face of the central bank’s rate hike campaign.
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