U.S. Stock Markets Were Set To Open Higher – Friday, May 3, 2019
U.S. Stock Markets Were Set To Open Higher Friday, amid speculation that the April employment report will show another solid month of job creation in the U.S. economy
Consensus estimates of 181,000 new jobs have seemed on the conservative side since payrolls processor ADP reported a 275,000 gain in private-sector employment last month on Wednesday.
Dow futures were up 65 points or 0.2% by 7:05 AM ET (11:05 GMT), while S&P 500 futures were up 8.4 points or 0.3% and the tech-heavy Nasdaq 100 futures was up 0.5%, or 41 points.
Among individual stocks, Amazon.com (NASDAQ: AMZN) was indicated to open up 2.4%, after Warren Buffett said his Berkshire Hathaway (NYSE: Brka) had started buying the stock.
Disney (NYSE: DIS) was indicated to open up 0.2% after news that it has agreed to sell a bunch of 21 regional sports TV networks to Sinclair (NASDAQ: SBGI) for around $10 billion.
Crude oil futures were at $61.79 a barrel, up around 80c from Thursday’s lows but still well on course for a second straight weekly loss, amid signs that this year’s surge in U.S. output is thwarting the plans of OPEC and Russia to rebalance the global market.
Elsewhere in commodities, gold futures were down 0.1% at $1,271.25 a troy ounce, while in the currency market, the U.S. dollar index, which measures the greenback against a basket of six major currencies, was up 0.2% at 97.765.
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