Dow Futures Gain more than 100 Points


Stock futures rose in overnight trading Thursday, as optimism over economic recovery grows amid strong labor market data. Futures on the Dow Jones Industrial Average gained 123 points, or 0.36. SP 500 futures ticked 0.27 higher. Nasdaq100 futures rose 0.19.

Salesforce shares gained roughly 5 in extended trading Thursday after the software companys firstquarter earnings beat Wall Street expectations on its top and bottom lines. HP shares fell 5 despite the companys betterthanexpected secondquarter results. The Dow Jones Industrial Average climbed 141.59 points in regular trading, while the SP 500 edged 0.1 higher. The Nasdaq Composite closed flat.

Shares of Boeing gained nearly 4 amid optimism about the recovery economy. Firsttime jobless claims fell to a new pandemic low of 406,000, according to Labor Department data. The major indexes are on track to close higher this week. The SP 500 is up 1.08 week to date. The bluechip Dow is 0.75 higher over the same time period, while the Nasdaq has gained nearly 2. The moves higher this week come as investor monitor the backandforth in Washington over a comprehensive infrastructure package that could further boost the economic recovery.

Source FXPro


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