Please try another search
Investing.com – Wall Street was set to open higher on Friday, as Congress rushes to pass a spending bill and avert a government shutdown.
The S&P 500 futures rose eight points or 0.30% to 2,804.75 as of 6:53 AM ET (11:53 GMT) while Dow futures increased 97 points or 0.37% to 26,038.0. Meanwhile tech heavy Nasdaq 100 futures gained 33 points or 0.48% to 6,846.00.
Congress has until 12:00 AM ET (5:00 GMT) to pass a spending bill before the government shuts down. The House of Representatives voted 230-197 on Thursday night for a bill to extend expiring funding through Feb. 16 but disagreements between Republicans and Democrats over immigration legislation threatens to collapse the Senate version of the bill.
Telecommunications firm Nokia (HE:NOKIA) was among the top performers in pre-market trading, rising 1.45% while payments firm Square Inc (NYSE:SQ) increased 3.82% and beer company Anheuser-Busch Inbev SA (NYSE:BUD) gained 1.13%.
Elsewhere computer manufacturing firm IBM (NYSE:IBM) slipped 3.03% despite reporting an increase in growth for the first time in 22 quarters. Health company GNC Holdings Inc (NYSE:GNC) was down 1.14% while HSBC Holdings (LON:HSBA) PLC ADR (NYSE:HSBC) inched down 0.49%.
In economic news, consumer sentiment is released at 10:00 AM ET (15:00 GMT). Investors will also be watching out for earnings reports on Friday, with financial results from Citizens Financial Group Inc (NYSE:CFG), SunTrust Banks Inc (NYSE:STI) and Synchrony Financial (NYSE:SYF) among those expected to report their earnings later in the day.
In Europe stocks were up. Germany’s DAX rose 132 points or 0.99% while in France the CAC 40 increased 26 points or 0.49% and in London, the FTSE 100 was up 21 points or 0.28%. Meanwhile the pan-European Euro Stoxx 50 gained 30 points or 0.84% while Spain’s IBEX 35 rose 44 points or 0.42%.
In commodities, gold futures rallied 0.54% to $1,334.40 a troy ounce while crude oil futures fell 0.80% to $63.44 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, decreased 0.10% to 90.22.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.