US Stock's Index Recover After 3 Days Of Falling And Continue Recovering In Asia Trading



The major U.S. stock indexes are trading slightly higher during Friday’s pre-market session after all three posted major reversals the previous session, snapping a three-day losing streak.

Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labor market data.

  • The blue chip Dow Jones Industrial Average finished at 34021.45, up 433.79 or +1.29% 
  • The S&P 500 Index settled at 4112.50, up 49.46 or +1.22%
  • The technology-driven NASDAQ Composite closed at 13124.99, up 93.31 or +0.72%

The S&P 500 Index futures is up 4,130.50 and Dow Jones Industrial Average futures is up 34,115 and NASDAQ-100 Index is up 13,200.

Retail sales figures for April will be released on Friday, along with industrial production and consumer sentiment numbers.

Retail Sales are expected to have risen 0.5% and Core Retail Sales are expected to come in 1.0% higher. Preliminary University of Michigan Consumer Sentiment is forecast to come in at 90.2, up from the previously reported 88.3.