U.S. stock index futures surged about 2per cent on Friday, pointing to a quick rebound for Wall Street from its biggest one-day dive in about ...
REUTERS: Wall Street's main indexes were set to open sharply higher on Friday, a day after they saw the biggest one-day dive in about three months on fears of a resurgence in coronavirus infections.
"People are just taking a breather after the outright selling yesterday, like we saw back in the dark days of February and early-March," said Ryan Giannotto, director of research at GraniteShares ETFs in New York. The three main U.S. stock indexes were set to wrap up their worst week in 12 as the Federal Reserve's indication to a long road to recovery and rising COVID-19 cases in the United States cast a pall over investors bets on a swift economic rebound.On Thursday, the tech-heavy Nasdaq ended about 5per cent below its record closing high and the S&P 500 tumbled nearly 6per cent, after surging about 45per cent from its March low.At 8:35 a.m. ET, S&P 500 e-minis were up 1.
"The technology sector has led the way so far this year and we think this can continue," said Stuart Rumble, an investment director at Fidelity Investments.
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