Disney, Dogecoin, Coinbase, Retail Sales — 5 things you must know
|Toronto Star 14 May 2021 at 17:14|
Stock futures rise as commodities prices dip, helping to ease worries about higher inflation; Disney falls after missing subscriber estimates; Coinbase’s earnings surge; Dogecoin rallies after a tweet from Elon Musk.
1. — Stock Futures Rise as Commodities Prices Dip
Stock futures rose Friday as commodities prices dipped, helping to ease worries about higher inflation.
Contracts linked to the Dow Jones Industrial Average gained 150 points, S&P 500 futures were up 26 points and Nasdaq futures jumped 141 points.
Technology stocks led Wall Street sharply higher Thursday and equities rose for the first time in four sessions as a fall in weekly jobless claims improved sentiment that was dented earlier in the week by a sharp spike in consumer prices.
Despite Thursday’s gains, stocks were on track for sharp weekly losses.
Oil prices in the U.S. edged higher Friday after slumping 3.4 per cent on Thursday as Colonial Pipeline, the biggest U.S. pipeline, returned to service following a cyberattack at the end of last week.