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Wall Street inches higher after upbeat US business surveys

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U.S. stock index futures ticked lower on Friday, a day after the tech-heavy Nasdaq closed at a record high, as investors awaited U.S. business ...

REUTERS: U.S. stock indexes eked out gains on Friday, supported by Apple's shares, while data showing business activity snapped back to the highest since early 2019 also lifted the sentiment.

Earlier this week, the S&P 500 clinched a record high, recouping the last of its losses caused by the coronavirus-driven slump and joining the Nasdaq in notching new highs."The market will move higher, but it will be very slow and irregular one, at least until there's a vaccine," said Chuck Lieberman, chief investment officer at Advisors Capital Management.

At 10:06 a.m. ET, the Dow Jones Industrial Average was up 65.61 points, or 0.24per cent, at 27,805.34, the S&P 500 was up 2.98 points, or 0.09per cent, at 3,388.49. The Nasdaq Composite was up 7.15 points, or 0.06per cent, at 11,272.10.

 

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