Dow futures rise 350 points as Wall Street heads for a winning week
U.S. stock futures were higher early Friday following a muted session in which traders grappled with disappointing unemployment data and worried about rising coronavirus cases.
Futures gained amid a report by Bloomberg News that China was set to up its purchases of U.S. farm products to comply with phase one trade deal. The report eased concerns about U.S.-China trade relations as the two countries exchange heated rhetoric regarding the coronavirus.
Stocks tied to the reopening of the economy gained in the premarkets. United Airlines rose 2%, while Kohl’s gained 5%. Oil and energy stocks were among the biggest gainers in premarket trading, with Devon Energy jumping nearly 5%. The Energy Select SPDR ETF gained nearly 3% in premarket.
The Dow, S&P …continued .
[Source: CNBC News]