Stock futures rise after strong Wall Street week; Dow nears 53,000 milestone

Lee Ying Shan, Fred Imbert

2d ago· 2 min readenNews

Summary

Stock market futures extended gains following a strong week on Wall Street, with the Dow climbing nearly 2% and approaching the 53,000 level for the first time. The S&P 500 and Nasdaq Composite also posted sharp gains of 1.8% and 2.1% respectively. However, Asian markets showed mixed signals with Australia's S&P/ASX 200 futures pointing lower and Hong Kong's Hang Seng futures also trading below their previous close. Semiconductor stocks, which had been a key driver of market gains this year, faltered last week as investors pared positions.

Source

bskyStock futures rise after strong Wall Street week; Dow nears 53,000 milestonecnbc.com

Key quotes

· 3 pulled

The Dow climbed nearly 2% last week, putting it within striking distance of 53,000, a level it has never reached.

The S&P 500 and Nasdaq Composite also posted sharp gains last week, advancing 1.8% and 2.1%, respectively.

Those gains came even as semiconductors — the force behind many of the market's gains this year — faltered last week, with investors paring

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The Dow climbed nearly 2% last week, putting it within striking distance of 53,000, a level it has never reached.

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