U.S. stock futures rose Friday, pointing to the fourth-straight win for equities, as investors hung on to optimism over a report that Washington might ease trade tariffs on Beijing.

Equity markets will be closed on Monday in observance of Martin Luther King Jr. Day.

How are benchmarks faring?

Dow Jones Industrial Average futures

YMH9, +0.41%

 rose 93 points, or 0.4%, to 24,414, S&P 500 futures gained 6.30 points, or 0.2%, to 2,641.50

ESH9, +0.28%

 and Nasdaq-100

NQH9, +0.28%

futures added 14 points, or 0.2%, to 6,734.

On Thursday, the Dow

DJIA, +0.67%

erased an earlier loss to rise 162.94 points, or 0.7%, to 24,370.10 in choppy trade. The blue-chip gauge was up 267 points at its session high. The S&P 500 index

SPX, +0.76%

added 0.8% to 2,635.96 and the Nasdaq Composite Index

NQH9, +0.28%

gained 0.7% to finish at 7,084.46.

For the week as of Thursday, the Dow and S&P 500 are each up 1.5% and the Nasdaq Composite is looking at a gain of 1.6%.

Brexit Brief: General election talk grows louder in Westminster

What’s driving the market?

Stocks got a late lift Thursday after The Wall Street Journal reported that U.S. officials were debating a possible ease in tariffs on Chinese imports, to give Beijing incentive to make deeper concessions over the trade dispute.

Optimism lingered even though a Treasury spokesman told the WSJ that any bargaining positions remained “at the discussion stage.” As well, that source said neither Treasury Secretary Steven Mnuchin nor U.S. Trade Representative Robert Lighthizer have made any specific trade-related recommendations and talks were still ongoing.

Which stocks are in focus?

Tesla Inc.

TSLA, +0.36%

shares were plunging in premarket after the company announced job cuts and warned on profits.

Netflix Inc.

NFLX, +0.51%

 added more new subscribers than expected in the holiday season, but shares still declined after the media-streaming giant late-Thursday said it produced more profit than expected in addition to the subscriber beat, though revenue came up just a bit shy of analysts’ expectations.

SunTrust Banks Inc.

STI, +1.19%

Regions Financial Corp.

RF, +1.36%

 and Tiffany & Co.

TIF, +1.49%

 are due to report Friday.

How are other markets trading?

Markets in Asia surged, led by a 1.4% jump for China’s Shanghai Composite Index

SHCOMP, +1.42%

In Europe, the Stoxx Europe 600

SXXP, +1.13%

 rose 1%.

Crude oil

CLG9, +1.21%

was also moving higher, while gold

GCG9, -0.54%

is falling and the U.S. dollar

DXY, -0.05%

was steady.

Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here.

Source link