Pre-open mover
US stock futures traded higher in early premarket trading after posting gains on Thursday. The Dow Jones rose around 193 points while the Nasdaq Composite gained 0.6% in the previous session.
Investors await earnings results from The Kroger Co. KR and ABM Industries Incorporated dim.
Federal Reserve Bank of Chicago President Charles Evans will speak at 10:00 a.m. ET, while Federal Reserve Bank of Kansas City President Esther George will speak at 12:00 p.m. ET. Federal Reserve Governor Christopher Waller will also speak at 12:00 p.m. ET.
Wholesale inventory data for July will be released at 10:00 am ET. The second estimate of wholesale inventories is up 0.8%, unchanged from the first estimate.
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Futures on the Dow Jones Industrial Average rose 242 points to 32,008.00, while futures on the Standard & Poor’s 500 Index rose 33.25 points to 4,038.75. Futures for the Nasdaq index rose 128.75 points to 12,450.50.
oil prices was traded higher as Brent crude futures rose 1.9% to $90.84 a barrel, while US WTI crude futures rose 1.8% to $85.05 a barrel. Baker Hughes’ North American rig report for the last week is scheduled for release at 1:00 PM ET.
The US has the highest number of COVID-19 cases and deaths in the world, with the total number of infections in the country exceeding 96,959,160 with around 1,074,780 deaths. India reported a total of at least 44,484,720 confirmed cases, while France confirmed over 34,663,100 cases.
A look at the global markets
European markets were higher today. The STOXX Europe 600 index gained 1.6%, London’s FTSE 100 rose 1.6%, while Spain’s IBEX 35 index rose 1.7%. France’s CAC 40 index rose 1.8%, while Germany’s DAX rose 1.6%.
Industrial production in France fell by 1.6% mom in July, against a revised rise of 1.2% in June, while industrial production in Spain…
