Stock Futures firm ahead of key jobs report

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U.S. stock index futures rose on Friday, helped by gains in high-growth technology names including Apple, while investors turned to the closely ...

REUTERS: U.S. stock index futures rose on Friday, helped by gains in high-growth technology names including Apple, while investors turned to the closely watched jobs report for confirmation that the world's largest economy remains healthy.

Signs that the United States and Iran will stand down on further military action, and firming hopes that an initial U.S.-China trade deal will be signed next week have helped U.S. stocks recover from a blip earlier this week caused by flaring tensions in the Middle East. S&P 500 e-minis were up 9 points, or 0.27per cent and Nasdaq 100 e-minis were up 39.75 points, or 0.44per cent.Technology stocks , the market leaders of the last decade, were on track for sharpest gains among the 11 main S&P sectors in the first full trading week of 2019.

Apple suppliers Qorvo Inc and Skyworks Solutions Inc also gained more than 2per cent each after Mizuho upgraded both the stocks to"buy" on an improving 5G handset outlook.

 

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