Dow futures rise as Europe rallies, banks climb in premarket

U.S. stock futures pointed to a strong start for Wall Street on Friday, led by gains for banking stocks after several said they would return capital to shareholders after passing the Federal Reserve’s stress tests.

U.S. stocks were also tracking the rally for European stocks after European Union leaders reached an agreement on the divisive issue of migration.

Dow Jones Industrial Average futures rose 91 points, or 0.4%, to 24,308, while futures for the S&P 500 rose 6 points, or 0.2%, to 2,726.50. Nasdaq-100 futures rose 20 points, or 0.3%, to 7,083.50.

Friday’s session could mark a positive finish to a tough week for stocks that were tossed around by worries over a global trade crisis.

Signs that China may be trying to ease trade-related pressures was also helping inspire investors.

Source: Marketwatch

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