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Apr 9, 2018

CNBC | Markets: US futures point to a triple-digit jump at the open, following a roller-coaster Friday session on April 9, 2018.

cnbc.com

US futures point to a triple-digit jump at the open, following a roller-coaster Friday session

Alexandra Gibbs



U.S. stock index futures posted solid gains ahead of Monday's open, boosted by the strong performance seen in international markets.
Around 7:30 a.m. ET, Dow futures indicated a bounce of about 190 points at the open. The Nasdaq and the S&P 500 futures also indicated a positive start to Monday's session for their respective markets.
Large-cap technology stocks rose before the bell. Facebook shares rose 0.8 percent, while Amazon, Apple, Netflix and Alphabet all climbed as well.
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 30, 2016. Michael Nagle | Bloomberg | Getty Images
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 30, 2016.
The moves in premarket trade come after Wall Street closed sharply down Friday. On the final trading day of last week, the Dow Jones industrial average tumbled 572.46 points to close down 23,932.76, ending the day back in correction territory. Other major indexes also closed lower.
Last week, China announced fresh tariffs on 106 U.S. products, which then saw President Donald Trump going on to threaten more levies, saying that he had asked the United States Trade Representative to consider $100 billion in additional tariffs against the Asian nation.
But those concerns lessened after Trump tweeted Sunday that China could remove its trade barriers.

Boeing shares climbed nearly 2 percent in the premarket Monday. The aerospace giant is seen as a company that could be adversely affected by a trade war.
However, China's Foreign Ministry said Monday that the U.S. was to blame for the trade friction, adding that it was impossible for talks to occur in this current environment, Reuters reported.
Markets were on edge on Friday, after the Labor Department reported that during the course of March, the U.S. economy had only added 103,000 jobs, well below market expectations. In addition to this, investors were jittery over trade tensions.

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Elsewhere, social media and technology stocks will remain at the forefront of market talk. As the data scandal around Facebook continues to unfold, the social media company has decided to suspend another analytics frim, called CubeYou, after CNBC notified Facebook that the analytics group had been collecting information about Facebook users through quizzes.
—CNBC's Michelle Castillo contributed to this report.