US STOCKS-Futures rise as Trump slump eases


Reuters

* Futures up: Dow 22 pts, S&P 5 pts, Nasdaq 12 pts

    By Yashaswini SwamynathanMay 19 (Reuters) - U.S. stock index futures edged higher on
Friday as a sense of calm prevailed over Wall Street in a week
that was dominated by political uncertainty surrounding Donald
Trump's presidency.
    * Still, the indexes are on track for their worst weekly
since mid-April as a risk-off mood was triggered after Trump
unexpectedly fired FBI Director James Comey. Reports later
alleged Trump had asked Comey to end an investigation into
former National Security Advisor Michael Flynn's ties with
Russia.
    * Investors fear that the political uproar could hinder
Trump from pursuing his promise of fiscal stimulus, a key driver
for Wall Street's record-setting run.
    * Upbeat economic data and the appointment of a special
counsel to investigate Trump-Russia ties helped soothe some
nerves, giving Wall Street a boost on Thursday.
    * Oil prices rose more than 1 percent, notching their third
straight day of gains, lifting the indexes on Friday. [O/R]
    * St. Louis Federal Reserve President James Bullard and his
San Francisco counterpart John Williams are scheduled to speak
at separate events and could throw light on the central bank's
plans to raise interest rates next month.
    * Shares of farm equipment maker Deere & Co <DE.N> rose 5
percent to $118.30 in light premarket trading after the company
reported a 62 percent jump in quarterly profit. [nL4N1IL3LM]
    * Autodesk <ADSK.O> was up nearly 11 percent at $106.06
after the software maker reported better-than-expected quarterly
revenue.
    * Lumber Liquidators <LL.N> rose 5 percent to $27.54
following Oppenheimer's upgrade to "outperform" from "perform".

    Futures snapshot at 7:01 a.m. ET:
    * Dow e-minis <1YMc1> were up 22 points, or 0.11 percent,
with 19,304 contracts changing hands.
    * S&P 500 e-minis <ESc1> were up 5 points, or 0.21 percent,
with 124,467 contracts traded.
    * Nasdaq 100 e-minis <NQc1> were up 12 points, or 0.21
percent, on volume of 25,839 contracts.

 (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by
Anil D'Silva)
 ((yashaswini.swamynathan@thomsonreuters.com; within U.S. +1 646
223 8780, outside U.S. +91 80 6749 2405; Reuters Messaging:
yashaswini.swamynathan.thomsonreuters.com@reuters.net))

Keywords: USA STOCKS/



This article appears in: Politics , World Markets , US Markets , Stocks
Referenced Symbols: ADSK , DE , DJI , INX , LL


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