Investing.com-US stocks are on the rise at Friday’s opening, ending a volatile week with positive moves in the limelight of Chinese retail giant Johnson & Johnson (NYSE :) ..
Contracts at 7:15 EST (1215 GMT) rose 105 points (0.3%), 10 points (0.2%), and 38 points (0.2%).
Despite the expected start-up rise, the three major indices are moving towards lowering the week, recording five consecutive weeks of wins after showing an annual inflation rate of 6.2% in October. increase. This is a pace that hasn’t been seen for over 30 years.
Good stocks fell 1.1% on Thursday’s closing week, broad bases fell 1%, and tech heavy fell 1.7%.
Inflation reports added to recent data, including earlier this month, show a fast-growing economic recovery, increasing pressure on the Federal Reserve to tighten monetary policy.
After a busy week of earnings, Friday is relatively light in terms of corporate performance, with a lot of focus on China’s e-commerce sector triggered by Singles’ Day shopping festival.
Alibaba (NYSE :), China’s largest e-commerce platform reported sales growth of 8.5%. This is the first time in history that growth has fallen below 10%. Small rival JD.com (NASDAQ :) was shining after reporting sales growth of about 29% year-on-year.
Elsewhere, Johnson & Johnson (NYSE :) also reported that the Wall Street Journal plans to split the company in two and separate the consumer health sector from the larger pharmaceutical sector, after reporting. It will attract the attention of investors. This adds to the corporate simplification trends already apparent this week. General Electric (NYSE :) and-early Friday-Toshiba (OTC :) decided to dissolve along the business line.
The economic data schedule revolves around a preliminary reading of the University of Michigan in November. This is expected to improve from 71.7 last month to 72.4.
Also, the number of US numbers in September could drop from 10,439 million in August to 10.3 million.
Crude oil prices on Friday weighed on the continued appreciation of the US dollar, making commodities more expensive for non-US buyers.
Glasgow will also draw attention as a conclusion of the UN Climate Summit as the release of the rig count and the end of the volatile week of the oil market.
By 7:00 am ET, futures fell 1.7% to $ 80.20 a barrel, while contracts fell 1.5% to $ 81.67.
In addition, while trading almost flat at 1.1448, it fell 0.7% to $ 1,850.10 / oz.
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Dow futures will increase by 110 points. J & J focused on by Chinese retail giant Investing.com
Source link Dow futures will increase by 110 points. J & J focused on by Chinese retail giant Investing.com