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Stock futures rose Friday following a losing session that dragged the S&P 500 into correction territory.
Futures for the Dow Jones Industrials regained 201 points, or 0.5%, to 41,064
Futures for the S&P 500 index surged 39.25 points, or 0.7%, to 5,566.75
Futures for the tech-heavy NASDAQ regained 186.5 points, or 1%, to 19,446.50.
Sentiment on Wall Street got a boost Friday as it appeared a government shutdown would be avoided. Senate minority leader Chuck Schumer said he wouldn’t block a Republican government funding bill.
A 1.4% drop on Thursday dragged the S&P 500 down 10.1% from its record close notched last month, bringing it officially into a correction.
This is defined as a decline of at least 10% from a recent high. The 30-stock Dow slid 1.3% and the NASDAQ declined about 2% in the session.
With Thursday’s decline, the NASDAQ fell further into correction territory and is now down more than 10% this year.
That marks another milestone in the pullback that has gripped investors over the past three weeks as President Donald Trump’s on-again-off-again tariff policy drove up uncertainty and market volatility. All three major indexes have dropped more than 4% this week.
The Dow is on track for its second straight losing week and worst weekly decline since June 2022. This would be the fourth negative week in a row for the S&P 500 and NASDAQ.
In Japan, the Nikkei 225 regained 0.7% Friday, while in Hong Kong, the Hang Seng climbed 2.1%.
Oil prices heightened 73 cents to $67.28 U.S. a barrel.
Gold prices moved up $17.30 to $3,008.60 U.S. an ounce.
