Futures rise ahead of business activity data; Nike shines | Malay Mail

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SEPT 23 — US stock index futures rose today ahead of data that would throw light on the pace of an economic recovery from a coronavirus-driven recession, while Nike was set for a record open after a stunning quarterly earnings report. Shares of the world’s largest athletic shoe maker surged...

Nike shoes are seen on display in New York, US, March 18, 2019. — Reuters pic

The Dow constituent was set to drive the blue-chip index higher for a second straight day, clawing back more of the sharp declines from Monday that were driven by fears of another round of lockdowns to contain a global surge in Covid-19 cases. After data in Europe showed euro zone business growth ground to a halt this month, all eyes will be on flash readings of a survey on US business activity due later in the day.

 

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