U.S. stock futures point to Wall Street holding near 10-month highs as expectations firm that the Federal Reserve will not raise interest rates this month.
How are stock-index futures trading On Friday, the Dow Jones Industrial Average DJIA rose 701 points, or 2.12%, to 33763, the S&P 500 SPX increased 61 points, or 1.45%, to 4282, and the Nasdaq Composite COMP gained 140 points, or 1.07%, to 13241. “Markets powered ahead at the end of the week, with investors reacting to both the avoidance of a U.S. debt default and a selectively positive non-farm payrolls report,” said Richard Hunter, head of markets at Interactive Investor.
The U.S. market’s jump to fresh highs for the year triggered a positive start to the week in Asia, where sentiment was also supported by news that China’s services sector grew by more than expected in May.
Source: Entertainment Trends (entertainmenttrends.net)
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