After moving sharply higher at the start of trading on Friday, stocks have given back some ground over the course of the session. The major averages have pulled back well off their highs for the session but remain in positive territory.
With traders expressing optimism about overseas stimulus, stocks moved sharply higher at the start of trading on Friday. The Dow and the S&P 500 jumped to new record highs, although buying interest has waned since the open.
Stocks are likely to show a strong move to the upside at the start of trading on Friday, adding to the gains posted in the previous session. The major index futures are currently pointing to a sharply higher open for the markets, with the Dow futures up by 145 points.