Former NYSE President and CEO Dick Grasso claims it’s time for the US to ‘drop politics and return to economic drive’.
US equity futures kick in between small gains and losses entering the last trading day of the week.
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Data for investors to consider on Friday will be new existing home sales for July. Economists are looking for sales to grow 14.7% month-on-month to an annualized adjusted annual rate of 5.38 million units.
IHS Markit’s reports on Flash production and services for purchasing services for August are both expected to improve from July.
Among revenue reports that will come out will be the latest from manufacturer of farm equipment Deere & Co and footwear retailer Foot Locker.
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Asian equities were higher Friday on hopes of developing a vaccine for coronavirus, although concerns remained about long-term economic damage from the pandemic.
The rise in regional benchmarks echoes the gains on Wall Street, which were led by large technology companies benefiting from people staying home during the outbreak.
In Asia, Japan’s Nikkei 225 benchmark gained 0.2%, Hong Kong’s Hang Seng added 1.3% and China’s Shanghai Composite rose 0.5%.
In Europe, the FTSE from London added 0.1%, the DAX from Germany gained 0.3% and the CAC from France was 0.1% higher.
Pfizer and its German partner BioNTech said they would take their COVID-19 vaccine candidate with the least side effects in the final-stage test. It’s one of a handful of experimental faxes to reach end-to-end tests around the world.
On Thursday, the S&P 500 rose 0.3% following an earlier loss of 0.6% as investors awaited new government data expecting an increase in the number of Americans seeking unemployment assistance last week.
| Ticker | Security | Last | Change | Change% |
|---|---|---|---|---|
| Me: DJI | DOW JONES AVERAGE | 27739.73 | +46.85 | + 0.17% |
| SP500 | S&P 500 | 3385.51 | +10.66 | + 0.32% |
| I: COMP | NASDAQ COMPOSITE INDEX | 11264.953571 | +118.49 | + 1.06% |
The Dow Jones Industrial Average averaged 46.85 points, or 0.2%, at 27,739.73.
The strength in tech stocks helped the Nasdaq Composition up 118.49 points, or 1.1%, to 11.264.95, a record high.
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Benchmark U.S. crude fell 42 cents to $ 42.41 a barrel. Brent crude, the international standard, slipped 45 cents to $ 44.45 a barrel.
The Associated Press contributed to this article.
