U.S. stock index futures pointed to brighter start on Friday to wrap up a difficult week, buoyed by well-received results from megacap technology stock Amazon.com and the latest batch of spending and inflation data.
Through Thursday, the S&P 500 has dropped by 2.1% this week. According to UBS, two-thirds of S&P 500 constituents have seen their share price fall since last Friday. “A combination of solid post-market U.S. tech earnings last night and less weak than expected industrial profits in China earlier this morning are helping lift global risk sentiment with stocks in all geographies trading in the green,” said Krupa Patel, head of international market intelligence at JPMorgan.
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