Dow futures surge amid rebounding oil
On Friday, American stock futures made a decent leap, following a recent rebound in crude prices, to say nothing of the ECB’s latest stimulation.
Dow Jones industrial Average futures traded at 17,041, having gained up to 141 points, while S&P 500 only managed to grab 18.25 points at 1,997.75. As for Nasdaq 100 futures, it demonstrated a 1.2% surge at 4,325.75.
Financial analysts stress that in general financial markets have greeted the ECB’s recent update in its monetary policy.
As we know, on Thursday, the EU’s major bank’s head, Mario Draghi delivered rather an ambitious plan. He also stressed that there’s a low probability and further rate cuts will take place in the nearer future. That obviously backed up Friday’s rally in stock markets.
Additionally, the S&P 500 finished +0.1% on Thursday, while the Dow was deprived of 5 points. The Nasdaq Composite descended 0.3% on Thursday.
As for crude prices, they might have already bottomed out. It’s because Iran’s recent return to the market appeared to be less extensive than expected.