Wall Street Heads for Winning Week
U.S. stock futures were mixed on Friday, as Wall Street looked to wrap up another week of gains.
Futures for the Dow Jones Industrials sprang 257 points, or 0.6%, to 45,254. Aiding Dow futures was a 12% surge in UnitedHealth after
Warren Buffett’s Berkshire Hathaway and Michael Burry’s Scion Asset Management revealed they bought stock in the insurance giant during the second quarter.
Futures for the S&P 500 advanced 6.75 points, or 0.1%, to 6,497.25
Futures for the NASDAQ backpedaled 21.25 points, or 0.1%, to 23,909.25.
Intel gained more than 3% following a Bloomberg report that the Trump administration is in discussions to have the U.S. government take a
stake.
For the week, the major averages were headed for solid gains. The Dow, S&P 500 and NASDAQ gained more than 1% week to date as of Thursday’s close, thanks to new consumer inflation data that raised hopes for a Federal Reserve rate cut next month.
Investors on Friday will monitor economic data on import prices, consumer sentiment and retail sales in the States.
In Japan, the Nikkei 225 surged 1.7% Friday, while in Hong Kong, the Hang Seng subsided 1%.
Oil prices faded 33 cents to $63.63 U.S. a barrel.
Gold prices poked ahead $1.10 at $3,384.30 U.S. per ounce.
