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Stock Futures Rise to End Volatile Week

Stock futures rose at the end of a volatile week that saw the Dow Jones Industrial Average endure its longest losing streak since January.

S&P 500 futures were up 0.8% and Dow Jones Industrial Average futures gained 0.6%. Changes in equity futures don’t necessarily predict moves after the markets open.

European stocks advanced Friday for a three-session run of gains. The Stoxx Europe 600 climbed 0.6% in morning trade. Financials and healthcare sectors led gains while the communication services sector lost ground.

HSBC Holdings

jumped 2.6% for a three-day winning streak and Prudential added 2.7%.

The U.K.’s FTSE 100, which is dominated by large international businesses, rose 0.8%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 added 0.7%, the U.K.’s FTSE 250 gained 0.9% and Germany’s DAX climbed 0.6%.

The Swiss franc, the euro and the British pound strengthened 0.2%, 0.2% and 0.1% respectively against the dollar.

In commodities, Brent crude rose 1% to $108.49 a barrel. Gold slipped 0.1% to $1,823.10 a troy ounce.

The German 10-year bund yield was up to 0.897% and 10-year U.K. government debt known as gilts yields rose to 1.718%. 10-year U.S. Treasury yields were up to 2.889% from 2.815%. Yields move in the opposite direction from prices.

Stocks in Asia mostly climbed as Hong Kong’s Hang Seng gained 2.2%, Japan’s Nikkei 225 index climbed 2.6% and China’s benchmark Shanghai Composite rose 1%.

Traders worked on the floor of the New York Stock Exchange on Thursday.



Photo:

John Minchillo/Associated Press

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