Stocks, U.S. Futures Rise at End of Volatile Week: Markets Wrap
This content was published on May 21, 2021 - 09:13
May 21, 2021 - 09:13
(Bloomberg) -- Stocks and U.S. futures rose on Friday as investor optimism got a boost from strong economic readings and earnings reports. Oil climbed.
European equities climbed after data showing a recovery in the region led by services, while luxury shares got a boost as Richemont climbed on sales that topped estimates. Contracts on key U.S. benchmarks rose, signaling more gains after Thursday’s rebound fueled by better-than-forecast jobless claims data. Asian shares were mostly higher, although they slipped in China.