Personal income and spending and Fed talks might be the focus on Friday. The ceasefire between Iran and Israel continued to hold.
President Donald Trump announced a trade deal with China on rare earths, while chalking out another deal with India in a short while.
In the Asian trading session, gold dipped over 1 percent, while the dollar index lingered near its lowest level since March 2022. Oil was recorded a weekly loss since March.
Asian shares finished mixed, while European shares are trading positive.
As of 8.15 am ET, the Dow futures were gaining 148.00 points, the S&P 500 futures were adding 21.25 points and the Nasdaq 100 futures were climbing 92.25 points.
The U.S. major averages all posted strong gains on the day. The Nasdaq jumped 194.36 points or 1.0 percent to 20,167.91, the Dow advanced 404.41 points or 0.9 percent to 43,386.84 and the S&P 500 climbed 48.86 points or 0.8 percent to 6,141.02.
On the economic front, the Case-Shiller Home Price Index for April will be issued at 9.00 am ET. In the prior month the Index was down 0.1 percent in the prior month.
The FHFA House Price Index for April is scheduled at 9.00 am ET. The prior revised index was 0.0 percent.
The Consumer Confidence Index for June will be revealed at 10.00 am ET. The consensus is 99.0, while the prior revised index was 98.4 in June.
The Richmond Fed Manufacturing Index for June will be released at 10.00 am ET. The consensus is minus 7, while it was minus 9 in the previous month.
Two-year Treasury Note auction will be held at 1.00 pm ET.
The Fed Money Supply for may is scheduled at 1.00 pm ET. The prior revised M2 Level was $21,862.4 billion.
Asian stocks ended mixed on Friday. China’s Shanghai Composite Index fell 0.7 percent to 3,424.23.
Hong Kong’s Hang Seng Index finished 0.2 percent lower at 24,284.15.
Japanese markets ended at a six-month high. The Nikkei 225 Index jumped 1.4 percent to 40,150.79. The broader Topix Index settled 1.3 percent higher at 2,840.54.
Australian markets gave up early gains to end in the red. The benchmark S&P/ASX 200 Index dipped 0.4 percent to 8,514.20, while the broader All Ordinaries Index closed 0.3 percent lower at 8,743.60.
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Wall Street Targets To Open Positive
2025-06-27 12:44:20