Dow Futures edged higher on Friday as the markets were set to end the week on a strong note.
After Wall Street closed with its best 5-day run of gains since 2011, U.S. futures pointed to a continuation of the rally on Friday as investors looked ahead to the aforementioned string of economic data and also prepared to watch company earnings.
Dow futures increased 18 points or 0.07% to 25,252.0. Meanwhile the Nasdaq 100 futures were up 14 points or 0.22% to 6,830.75. The S&P 500 futures rose four points or 0.15% to 2,738.0.
Anheuser-Busch Inbev SA was among the top gainers in pre-market trading, rising 1.69% while Teva Pharma Industries Ltd ADR jumped 1.08% and Novavax Inc increased 1.85%. Facebook inched up 0.24% while telecommunications firm Nokia Corp ADR gained 0.87%.
A flurry of economic data is expected on Friday. Housing starts, building permits, and import prices are all expected to be released at 8:30 AM ET (13:30 GMT). The Michigan consumer sentiment is scheduled for 10:00 AM ET (15:00 GMT).
Investors will also be looking to corporate earnings on Friday, including Coca-Cola Company, Kraft Heinz Co, Deere & Company, and Campbell Soup Company.
On the technical charts, Dow30 has made higher highs and higher lows. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 51.68 and the MACD is ready to make a positive crossover above the signal line.
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