Wall St set for gains as economic data allays growth worries
U.S. stocks were set to open higher on Friday as data showed strength in consumer spending and signs of peaking inflation, providing relief for investors worried about a sharp slowdown in economic growth.
Source: www.reuters.com
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(Reuters) - U.S. stock index futures extended gains on Friday after data showed annual inflation appeared to have peaked, while strength in consumer spending allayed concerns about a sharp slowdown in economic growth.
At 08:45 a.m. ET, Dow e-minis were up 87 points, or 0.27%, S&P 500 e-minis were up 23.5 points, or 0.58%, and Nasdaq 100 e-minis were up 117.75 points, or 0.96%.
Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta
