Stocks Rise on Growth Outlook With Jobs in Focus: Markets Wrap
Bloomberg
31 mins ago
Andreea Papuc and Srinivasan Sivabalan
(Bloomberg) -- U.S. index futures rose with stocks as signs of faster job creation in the world’s largest economy fueled optimism about the global recovery. Oil climbed above $60 per barrel before a meeting of OPEC and allies on extending production cuts.
Contracts on the S&P 500 Index advanced before Friday’s U.S. nonfarm payrolls data that may show the quickest pace of hiring in five months. Nasdaq 100 futures increased about 1%, while technology stocks gained in premarket trading. The Stoxx Europe 600 gauge headed for the longest streak of weekly gains this year. Longer-dated Treasury yields fell as investors weighed delivery challenges to Joe Biden’s $2.25 trillion stimulus plan.