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U.S. futures rise ahead of Black Friday; Dow Jones up 0.26%

Published 11/29/2013, 06:30 AM
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Investing.com - U.S. stock futures pointed to a higher open on Friday, as markets were to reopen after the Thanksgiving holiday.

With no major earnings reports or economic data due during the session, investors were preparing to monitor how one of the key shopping days of the year known as "Black Friday" - the Friday after Thanksgiving - unfolds.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.26% rise, S&P 500 futures signaled a 0.19% gain, while the Nasdaq 100 futures indicated a 0.47% increase.

Retailers were expected to be active for the what is considered to be the biggest shopping day of the Chirstmas holiday season in the U.S.

The financial sector was also likely to be in focus, amid reports Morgan Stanley was set to take the top spot in Japanese mergers and acquisitions for the first time in 16 years, through its venture with Mitsubishi UFJ Financial Group.

Among tech stocks, Apple was up 0.82% in pre-market trade following reports the company sold three of every four smartphones in Japan last month after the country’s largest carrier, NTT Docomo, began carrying the iPhone.

According to a Bloomberg report, Apple won 76% of Japanese smartphone sales last month.

Separately, the tech giant was reported to have said that a monitor appointed by a judge to oversee antitrust compliance in its electronic books price-fixing case is charging too much money.

Across the Atlantic, European stock markets were steady to higher. The EURO STOXX 50 was flat, France’s CAC 40 edged up 0.09%, Germany's DAX inched 0.04% higher, while Britain's FTSE 100 added 0.19%.

During the Asian trading session, Hong Kong's Hang Seng Index rose 0.39%, while Japan’s Nikkei 225 Index shed 0.41%.

U.S. stock and bond markets were to close early for Thanksgiving weekend.


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