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Stock futures rose Friday after the S&P 500 posted a four-day rally on the back of U.S. and China’s temporary tariff cuts and encouraging inflation reports.
Futures for the Dow Jones Industrials index recovered 150 points, or 0.4% to 42,535
Futures for the S&P 500 index regained 18.75 points, or 0.3%, to 5,952
Futures for the NASDAQ reclaimed 66.75 points, or 0.3%, to 21,467.
Stocks have made a strong comeback since U.S. and Chinese officials earlier this week agreed on a 90-day truce in their tariff measures, which eased investors’ fears of escalating global trade tensions and rising risk to the economy.
Week to date, the S&P 500 is up 4.5%, and the Dow has gained 2.6%. The NASDAQ Composite has jumped more than 6% this week. Both the S&P 500 and Dow closed higher on Thursday, while the NASDAQ fell slightly.
On the economic front, traders will keep an eye out Friday for housing starts data and the University of Michigan’s consumer sentiment survey.
In Japan, the Nikkei 225 index lost two points Friday, while in Hong Kong, the Hang Seng slid 0.5%.
Oil prices picked up 24 cents to $61.86 U.S. a barrel.
Gold prices dulled $48.20 to $3,178.40 U.S. an ounce.