Stock futures rose as traders looked ahead to Friday’s May jobs report and cheered lawmakers passing a debt ceiling bill that averts a U.S.
default.
Futures for the Dow Jones Industrials zoomed 156 points, or 0.5%, to 33,259.
Futures for the S&P 500 progressed 19.75 points, or 0.5% to 4,247.50.
Futures for the NASDAQ Composite move higher 78.75 points, or 0.5%, to 14,552.
Lululemon shares popped 14% in the premarket on strong results and a guidance boost, while MongoDB surged almost 27% after hours on a blowout forecast.
Investors are watching the jobs data due at 8:30 a.m. ET for clues on the Federal Reserve’s futures policy moves. Economists surveyed by Dow Jones expect that growth eased in May over the previous month, with 190,000 jobs added versus the 253,000 gained in April. That would mark the lowest monthly gain since December 2020.
Easing concerns around the U.S. debt ceiling also helped sentiment. The Senate passed a bill to raise the debt ceiling late Thursday night, sending the bill to President Joe Biden’s desk. That comes after the House passed the Fiscal Responsibility Act on Wednesday, just days before the June 5 deadline set by U.S. Treasury Secretary Janet Yellen.
In Japan, the Nikkei 225 jumped 1.2% Friday, while in Hong Kong, the Hang Seng index climbed 4%.
Oil prices climbed $1.14 to $71.24 U.S. a barrel.
Gold prices acquired 30 cents to $1,995.80 U.S. an ounce.
