US Stock Futures on the Rise

US Stock Futures on the Rise

Futures increased: Dow 0.30%, S&P 0.44%, Nasdaq 1.01% From the developer named Medha Singh and Devik Jain; US stock futures rose even higher on Friday as investors were betting with a more formal stimulus to trigger the post-epidemic economic recovery. BlackRock Inc, the world's largest asset manager, rose 1.8% in pre-market trade after investors reported leaps as they poured money into their fixed income funds and cash management services. When the second quarter earnings season begins, investors are looking for clues for Corporate America to recover. Unprecedented incentive measures and improving economic data helped the S&P 500 to rise to 5% of its February record level. S&P 500 and Dow rose this week after promising data on the COVID-19 vaccine. In contrast, Nasdaq has dropped nearly 1.4% since last Friday's record closure, as investors left technology stocks and switched to circular sectors. Dow increased by 79 points or 0.3%, while S&P 500 rose by 14 points or 0.44%, and Nasdaq 100 increased by 106.5 points or 1.01%. Netflix Inc fell 6.7% after predicting subscriber growth during the coronavirus pandemic would be slower than Wall Street in the third quarter.