A look at Friday morning’s market action
Wall Street futures edged higher early Friday as traders await the latest jobs data and weigh better-than-expected results from Apple Inc. Major European markets were also positive.Dow, S&P and Nasdaq futures were all above break even in the early hours. All three saw losses on Thursday amid continued concern about contagion in the U.S. regional banking sector. All three were down more than 2 per cent for the week so far. Canada’sfinished Thursday down 0.
“There is a sense that this crisis has become a self-fulfilling prophecy of fear, with the market adopting a shoot first ask questions later mentality, which in turn is placing pressure on banks who don’t have a big business deposit base,” Mr. Hewson said.Statistics Canada releases its April labour force survey ahead of the opening bell.
Elsewhere, shares of Apple were up more than 2 per cent in premarket trading. The tech giant reported profit and revenue ahead of forecasts in the latest quarter and said it In other commodities, gold prices saw early losses but remained on track for the best in almost two months.
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