Stocks have moved sharply higher in morning trading on Friday, extending the strong upward move seen over the two previous sessions. The major averages have all moved to the upside on the day, with the tech-heavy Nasdaq once again leading the way higher.
Following the strong upward move seen over the two previous sessions, stocks may see further upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.6 percent.
The Personal Income and spending Outlays report is likely to be in focus on Friday. Political developments, especially the Russia-Ukraine situation might be closely watched by investors.
Early trends on the U.S. Futures Index suggest that Wall Street might open positive.
As of 7.40 am ET, the...