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US stock futures are one inch higher than employment reports

US stock futures rose on Friday as investors looked at the outlook for new fiscal stimulus and waited for new data on the pace of labor market recovery.

Futures related to the S & P 500 rose 0.3%. This indicates that the broad gauge rise slowed after the opening bell in New York. Contracts related to the technology-intensive NASDAQ 100 increased by 0.4%.

Brent crude oil futures, the global benchmark for the oil market, rose 2.1% to $ 49.76 a barrel after OPEC and a group of Russian-led oil producers agreed to increase 500,000 barrels on the 1st of next month. .. This is the highest level since March.

The world’s largest producers are betting that the worst shock to pandemic-inspired demand lies behind them after this year’s travel cuts have had a major impact on oil prices.

This week’s stock trading was mixed, following last month’s backlash from investors supporting advances in the Covid-19 vaccine.

US stock futures are one inch higher than employment reports

Source link US stock futures are one inch higher than employment reports

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