Futures rise as market recovery gains momentum
stock index futures were higher on Monday as stocks continued to recover from a brutal selloff that had gripped the market for most of the nike b grade year.
Global stocks rose, led by gains in Chinese shares. Top Chinese officials said on Sunday that the world second largest economy was showing signs of improvement. producers increasing drilling activity. Federal Reserve accommodative move last week to cut back on the number of rate hikes this year to two helped push stocks higher.
The S 500 on Friday turned positive for the first time in 2016, closing up 0.25 percent, recovering from a more than 10 percent fall earlier in the year. economy continues to recover, with expectations for corporate earnings nike h web glove improving and commodity prices edging up, even as weak global conditions casts a pall on sentiment. existing home sales, which are expected to have dropped 2.2 percent in February. ET (1400 GMT).
Shares of nike j crew sneakers Nike were up 1.5 percent at $63.96 premarket after JP Morgan raised its price target on the stock and added it to a focus list as a growth strategy pick.
Intel was down 1.8 percent at $32.10, Sherwin Williams fell 2 percent to $283 and Transocean was down 3.3 percent at $10.42 after rating downgrades.
Cognizant Technology was up 1.3 percent at $60 after the company said it recommends shareholders reject a share purchase offer by TRC Capital.
Nasdaq 100 e minis were up 7.5 points, or 0.17 percent, on volume of 18,129 contracts. (Reporting by Abhiram Nandakumar in Bengaluru; Editing by Don Sebastian).