Futures on the Dow Jones Industrial Average (DJIA) lost 0.17%, while those on the S&P 500 (SPX) lost 0.11%, as of 6.58 am EST, Friday. Meanwhile, the Nasdaq 100 (NDX) futures advanced 0.15%.
Meanwhile, US Treasury yields dipped early on Friday in response to the Fed’s positive tone.
Markets were closed on Thursday on the occasion of Thanksgiving. The week is on track to close on a positive note.
Earlier this week, the Federal Reserve hinted at the possibility of a slowing pace of interest rate hikes. This buoyed investor confidence, and major stock indexes ended Wednesday’s regular session in the green. The S&P 500, the Dow, and the Nasdaq 100 clocked gains of 0.59%, 0.28%, and 0.97%, respectively.
Furthermore, Friday also marks the discount day of Black Friday, which is expected to be a good day for retail stocks.
Meanwhile in China, the number of infections surpassed 31,000 on Wednesday, outpacing mid-April’s tally of 29,317 which had sent Shanghai on lockdown. The number was calculated by CNBC’s Wind Information.