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Stock futures rose slightly Friday as investors looked to keep this month’s gains going.
Futures for the Dow Jones Industrials jumped 120 points, or 0.3%, to 35,139.
Futures for the S&P 500 hiked 14.5 points, or 0.3%, at 4,537.75
Futures for the NASDAQ gathered 18.75 points, or 0.1%, to 15,916.50.
All three averages are on pace for weekly gains — and that would mark their third straight positive week. The S&P 500 and the NASDAQ are up more than 2% through Thursday’s close, while the Dow is on pace for a 1.9% rise.
Gap shares leapt 17% after the company posted better-than-expected results for the third quarter. Electric vehicle charging network ChargePoint slid 25% after announcing a shake-up in its C-suite and cutting its forecast for third-quarter revenue.
Those gains were sparked by tame U.S. inflation data that gave hope to investors that worst of inflation — as well as the Federal Reserve’s tough stance on rate policy — may be in the rearview mirror.
In November, the S&P 500 is up 7.5%, while the Dow has a 5.7% gain. The NASDAQ has leapt 9.8%.
In Japan, the Nikkei 225 pointed higher 0.5% Friday, while in Hong Kong, the Hang Seng dived 2.1%.
Oil prices gained 89 cents to $73.79 U.S. a barrel.
Gold prices shone brighter $6.60 to $1,993.90 U.S. an ounce.
