U.S. stock futures rose Friday, helped by premarket strength in Dow component Johnson & Johnson on plans to split into two companies. The U.S. bond market opened back up Friday after the Veterans Day holiday, with the 10-year Treasury yield flat, following this week’s gains after hot inflation data.
The government is out with its Job Openings and Labor Turnover Survey at 10 a.m. ET. JOLTS in September is expected to show employment vacancies dropping to 10.2 million after the prior month’s 10.4 million, fueled by record quits. The Nasdaq and the S&P 500 rebounded Thursday.
But the Dow Jones Industrial Average fell for a third straight session, pulled down by Disney’s 7% decline on disappointing quarterly results. Dow stock Disney was modestly higher in Friday’s premarket.
American finance company MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 percent after popping higher late last week.
Japan’s Nikkei gained 0.7 percent as data showing economic activity shrank by more than expected in the third quarter only reinforced the case for aggressive fiscal stimulus.
Wall Street eased last week to break a string of gains, though the major indices were just a shade off all-time highs. S&P 500 futures firmed 0.2 percent in early trade on Monday, while Nasdaq futures added 0.3 percent.
Wall Street stocks closed higher on Friday, with market-leading growth shares kick-starting a rise for the indices as investors looked past the disappointing US economic data. Despite their advances, all three major US stock indices ended the session below last Friday’s close, ending a five-week streak of weekly gains.
The Dow Jones Industrial Average rose 179.08 points, or 0.5 percent, to 36,100.31. The S&P 500 gained 33.58 points, or 0.72 percent, at 4,682.85 and the Nasdaq Composite added 156.68 points, or 1 percent, at 15,860.96.
Asian shares edged cautiously higher on Monday as the US stock futures made early gains, though investors were wary of bearish surprises in a batch of Chinese economic data due out later.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 percent, after popping higher late last week. Japan’s Nikkei gained 0.7 percent as data showing economic activity shrank by more than expected in the third quarter only reinforced the case for aggressive fiscal stimulus.
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