U.S.
futures higher a day after Nasdaq set record high
Send a link to a friend
[June 19, 2015]
By Tanya Agrawal
(Reuters) - U.S. stock index futures were
slightly higher on Friday, a day after the Nasdaq Composite index broke
its last standing milestone from the dot-com era as it set a record
intraday high.
|
* Wall Street was boosted by Thursday's strong data, which pointed
to signs that the U.S. economy was recovering after growth came to a
halt earlier in the year.
* U.S. consumer prices last month increased the most in more than
two years, jobless claims applications last week fell to a near
15-year low and factory activity in the mid-Atlantic region in June
accelerated to a six-month high.
* The U.S. Federal Reserve's perceived dovishness regarding the pace
of a rate hike also continued to boost equities.
* Investors may see a spike in volume and volatility at the open and
towards the closing bell as Friday marks a "quadruple witching" day
- the expiration of stock options, index options, index futures and
single-stock futures - as traders close hedging positions or roll
them over at the last minute.
![](http://archives.lincolndailynews.com/2015/Jun/19/images/ads/current/memorial_home_sda_061115.png)
* The Greece crisis also showed no signs of receding. Euro zone
leaders will hold an emergency summit on Monday to try to avert a
Greek default after bank withdrawals accelerated and government
revenue slumped as the debt talks drag on.
* San Francisco Fed president John Williams is due to speak before
the National Bureau of Economic Research East Asian Seminar on
Economics in San Francisco, while Cleveland Fed president Loretta
Mester is scheduled to speak before the Federal Reserve Banks of
Cleveland and Philadelphia Policy Summit in Pittsburgh,
Pennsylvania.
* ConAgra Foods' shares were up 6 percent at $41.47 in premarket
trading after activist hedge fund Jana Partners took a stake in the
company.
[to top of second column] |
![](http://archives.lincolndailynews.com/2015/Jun/19/images/ads/current/lincoln_park_lda_artinpark_061115.png)
* Amgen inched up 0.3 percent at $160.67 after it said its drug met
the main goal of improving overall survival in metastatic colorectal
cancer patients who have not responded to chemotherapy.
Futures snapshot at 7:23 a.m. ET:
* S&P 500 e-minis were up 2.5 points, or 0.12 percent, with 111,385
contracts traded.
* Nasdaq 100 e-minis were up 6.75 points, or 0.15 percent, on volume
of 10,689 contracts.
* Dow e-minis were up 37 points, or 0.2 percent, with 673
contracts changing hands.
(Reporting by Tanya Agrawal; Editing by Don Sebastian)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
![](http://archives.lincolndailynews.com/2015/Jun/19/images/ads/current/june-revolving-ad.gif) |