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 February 14, 2020 - 8:55 AM EST
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U.S. Stock Futures Rise

U.S. Stock Futures Rise

U.S. stock index futures were slightly higher Friday as Nvidia led a number of companies in reporting better-than-expected earnings while investors wrapped up another solid week of gains.

Futures for the Dow Jones Industrials progressed 44 points, or 0.2%, early Friday to 29,471.

Futures for the S&P 500 moved up 7.75 points, or 0.2%, at 3,385.25.

Futures for the NASDAQ Composite acquired 34 points, on 0.4%, to 9,647.

Wall Street is headed for strong weekly gains even as investors grapple with a rising number of reported coronavirus cases. The S&P 500 and Dow are each up more than 1% for the week through Thursday's close. The NASDAQ, meanwhile, has risen 2%.

Markets are to be shuttered on Monday for the Presidents' Day holiday.

Nvidia shares rose more than 6% in the pre-market after its quarterly results beat analyst expectations. Expedia got an 11.8% boost from its earnings while Roku hiked 7.8% and Newell Brands 3%.

More than 77% of S&P 500 companies have reported earnings thus far, with roughly 72% of them beating analyst expectations.

China's National Health Commission on Friday reported an additional 121 deaths nationwide, with 5,090 new confirmed cases of the coronavirus.

The flu-like virus was found to have killed a total of 1,380 people in mainland China as of Thursday evening after the health commission said it had removed 108 deaths from the total figure due to a double-count in Hubei province — the epicenter of the global coronavirus outbreak.

It is the second day in a row that the province's data changes have caused significant changes to a nationwide figure, fueling doubts many have about their accuracy.

Overseas, in Japan, the Nikkei 225 fell 0.6% Friday, while in Hong Kong, the Hang Seng Index moved upward 0.3%,

Oil prices gained 75 cents to $52.17 U.S. a barrel.

Gold prices slid 30 cents to $1,578.50 U.S. an ounce.


Source: Livemoney (February 14, 2020 - 8:55 AM EST)