U.S. Futures Rise With Stocks; Dollar Edges Higher: Markets Wrap

U.S. equity futures ground higher on Friday alongside stocks globally as a solid start to the American earnings season, easing trade tensions and mostly promising economic data all combined to prop up sentiment. The dollar edged upward.

Contracts on the S&P 500, Dow Jones Industrial Average and Nasdaq 100 indexes all rose, signaling the benchmarks may test records yet again. Apple Inc. rose in early trading after Morgan Stanley raised its price target by 24%. The Stoxx Europe 600 Index headed for a fresh all-time high with its biggest increase in two weeks. Asia’s main markets notched modest gains; they extended briefly after Chinese industrial-output data beat estimates.

Futures on the S&P 500 Index increased 0.2% as of 7:23 a.m. New York time.The Stoxx Europe 600 Index climbed 0.9%.Nasdaq 100 Index futures gained 0.4%.Spain’s IBEX Index climbed 1.2%.The MSCI Asia Pacific Index rose 0.4%.

The Bloomberg Dollar Spot Index gained 0.1%.The British pound decreased 0.3% to $1.3042.The euro declined 0.2% to $1.1111.The Japanese yen was little changed at 110.15 per dollar.The Russian ruble strengthened 0.4% to 61.4075 per dollar.