Monday, 22 January 2018
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DJIA futures jump 100 points as dollar sags

U.S. stock futures were indicating a stronger open for Wall Street on Friday, keying off a sharply weaker U.S. dollar, said analysts.

Dow Jones Industrial Average futures jumped 102 points, or 0.4%, to 25,658, while S&P 500 futures rose 5.75 points, or 0.2%, to 2,775.25. Nasdaq-100 futures gained 11.25 points, or 0.2%, to 6,738.25.

The jump in stock futures coincided with news that German lawmakers had reached a deal on a ruling coalition. That news sent the euro flying to three-year highs against the dollar, which weakened across the board.

Investors will get important updates on U.S. consumer price inflation and retail sales later on Friday.

Source: Marketwatch

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