Credit: Shutterstock photoUS stock futures were building on the previous session's late gains as the rotation out of Treasuries and into equity assets sets up the Dow for a 100+ point gain at the cash open. Thursday's head-spinning reversal on Wall Street spilled into overseas markets with most global bourses posting constructive gains, fueled by strength in tech and banking stocks.
Economic data scheduled for Friday includes the December Chicago purchasing managers index (est 62.4 vs 66.4 prior) and the November pending home sales index (est +1.5% vs -2.6% prior). Regularly scheduled international trade in goods and wholesale inventories have been postponed due to the partial government shutdown.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
