Global Stocks: Equity Futures Rise as Markets Wrap
U.S. equity futures climbed Friday amid earnings optimism that is pushing global stocks back toward all-time highs, despite mixed economic data and concern about the spread of coronavirus variants.
Contracts on the S&P 500 and Nasdaq 100 were higher after the S&P 500 advanced closer to a new peak on Thursday and the Nasdaq 100 reached a record.
Twitter Inc. climbed more than 5% in pre-market trading after strong results, which also buoyed shares of Facebook Inc. and Alphabet Inc.. American Express Co. also gained on strong results, but Intel Corp. slipped as supply constraints overshadowed robust earnings.
The Stoxx Europe 600 headed for a fourth day of gains, with all industry sectors in the green.
Telecommunications were among the biggest gainers after an upbeat report from Vodafone Plc, while car-parts maker Valeo’s earnings beat boosted the automobile sector.
Data Friday showed Europe’s post-lockdown economic surge strengthened in July, but businesses warned of shortages of raw materials, delivery delays and rising costs.