The USA500 is currently trading above 5,200 levels.
On Friday, U.S. stock futures ascended as investors shifted focus towards an upcoming pivotal inflation report and evaluated a slew of corporate earnings. The S&P 500 futures had climbed 11 points or 0.2%, Nasdaq 100 futures had inched up by 48 points or 0.3%, and Dow futures had advanced by 79 points or 0.2%.
On Thursday, the 30-stock Dow Jones Industrial Average continued its streak of positive sessions, buoyed by a better-than-expected reading of weekly U.S. jobless claims. This figure served as the latest indication of a potential easing in the American labour market, reinforcing speculation that the Federal Reserve might commence scaling back interest rates from their highest point in over two decades as early as September.
The Dow closed the day at its highest level since April 1, with both the benchmark S&P 500 and the tech-focused Nasdaq Composite also making gains.
