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Steve Moore, a FreeWorks economist, shares his views on the unexpected improvement in unemployment claims as Janet Yellen is appointed Treasury Secretary as corona virus cases continue to rise.
Stock Futures rose on Friday morning as traders prepared for the holiday-abbreviated session.
The Dow Jones Industrial Average futures traded up 56 points, or 0.19%, while the S&P 500 and Nasdaq futures rose 0.16% and 0.36%, respectively. The early advance technology-heavy Nasdaq is on track to open all the time and both the Dow and S&P 500 are battling for their own record highs.
Shops are focusing when looking at stocks as this year’s Black Friday shopping is getting a different tone due to COVID-19. Meanwhile, online retailers are coming to Cyber Monday, which takes place over three days.
CEO Pascal Soriat told Bloomberg News that AstroGeneca PLC was a little short of opening hours when the company said it would conduct a new test on its Govt-19 vaccine because some participants received the wrong dose.
Shares of Slag Technologies Inc. fell more than 4% in the open as traders digested a possible deal with Salesforce.com Inc.
U.S. stock markets close at 1pm ET ahead of the Thanksgiving holiday weekend. There is no economic data in the calendar.
In terms of commodities, West Texas Intermediate crude was down 38 cents at $ 45.33 a barrel and gold was down 50 cents at $ 1,810.70 an ounce.
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European markets rose 0.48% with France’s CAC 40 and 0.29% with Germany’s DAX 30. The UK FTSE 100 fell 0.46% amid uncertainty over the Brexit talks.
In Asia, China’s Shanghai Composite Index was up 1.15%, while Japan’s Nikkei 225 and Hong Seng Index were up 0.4% and 0.28%, respectively.
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