Investing.com - U.S. stock futures pointed to a higher open on
Friday, as Thursday's announcements by the European Central Bank
continued to support global equities, while investors awaited the
release of U.S. nonfarm payrolls data later in the day.
Ahead of the open, the Dow 30futures pointed to a 0.22%
increase, S&P 500futures signaled a 0.14% rise, while the
Nasdaq 100futures indicated a 0.14% gain.
Global equities found support after the ECB on Thursday lowered
its benchmark interest rate to a record-low 0.15% from 0.25% and
said it will be conducting a series of Targeted Longer Term
Refinancing Operations (TLTROs) to support lending in the euro
Market participants were now eyeing U.S. nonfarm payrolls data
to be released later in the day for further indications on the
strength of the job market after recent employment reports fuelled
On Thursday, the Department of Labor said the number of
individuals filing for initial jobless benefits in the week ending
May 31 rose more than expected to 312,000.
The financial sector was set to be in focus, amid reports Bank
of America (NYSE:BAC) could pay more than $12 billion to settle
probes by the Justice Department and a number of U.S. states. The
U.S. lender tumbled 1.49% in pre-market trade.
Among tech stocks, Apple (NASDAQ:AAPL) gained 0.19% in early
trading as the iPhone maker was said to be stepping up its campaign
to win over more developers in China, hoping to replicate an
platform of games and other widgets that has helped it drive iPhone
and iPad sales in the U.S. and elsewhere.
Netflix (NASDAQ:NFLX) eased 0.04% after hours as the company
said it will continue to display on-screen messages that blame
broadband providers for slow-loading videos.
The move came a day after Verizon Communications (NYSE:VZ)
threatened legal action against the online streaming provider if it
doesn't stop citing the phone company when films and TV shows load
slowly or are interrupted in progress.
Meanwhile, Sprint (NYSE:S) jumped 1% in late trading after
plummeting over 4% on Thursday amid reports the telecom company is
nearing an agreement on the price, capital structure and
termination fee of an acquisition for T-Mobile US (NYSE:TMUS),
whose stock rallied 1.37% pre-market.
Across the Atlantic, European stock markets were higher. The DJ
Euro Stoxx 50 rose 0.34%, France's CAC 40 added 0.25%, Germany's
DAX gained 0.25%, while Britain's FTSE 100 advanced 0.32%.
During the Asian trading session, Hong Kong's Hang Seng
retreated 0.69%, while Japan's Nikkei 225 dipped 0.01%.
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