Ieva M. Augstums
Stocks index futures little changed
Stock futures are pointing to a slightly higher open Friday, as investors hope to resume a recent rally after a slight pullback in the previous session.
Major indexes had risen in the first three days of the week on signs the economy is recovering, but gave some ground on Thursday.
Overseas markets were mostly higher. Economic data has been better than expected this week in the U.S., which is the world’s largest economy.
Ahead of the opening bell, Dow Jones industrial average futures are up 9, or 0.1 percent, at 9,808, Standard & Poor’s 500 index futures are up 1.20, or 0.1 percent, at 1,064, while Nasdaq futures are up 1.75, or 0.1 percent, at 1,721.75.
Stocks edged lower Thursday, after a recent stretch of gains that has lifted the market eight of the past 10 days.
Overseas, Japan’s Nikkei stock average fell 0.7 percent. In afternoon trading, Britain’s FTSE 100 was up 0.2 percent, Germany’s DAX index was up 0.1 percent, and France’s CAC-40 was up 0.2 percent.
Meanwhile, bond prices fell. The yield on the benchmark 10-year Treasury note, which moves opposite its price, was rose to 3.40 percent from 3.39 percent late Thursday. The yield on the three-month T-bill, considered one of the safest investments, rose to 0.10 percent from 0.09 percent late Thursday.
The dollar mostly rose against other major currencies, while gold prices gained.
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