U.S. Futures Point to Rebound After Worst Slump Since March
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U.S. stock-index futures surged along with European shares on Friday, indicating a rebound for equities following Wall Street’s worst sell-off in 12 weeks.
Contracts on the S&P 500 Index rose 1.7% as of 10:02 a.m. in London, after the underlying index on Thursday fell the most since March 16 on signs of market overheating and worries about a second wave of coronavirus infections. Futures on the Dow Jones Industrial Average jumped 2.1% and those on the Nasdaq 100 Index added 1.4%.