Wall Street pointed higher this morning as most major markets looked set to end the week with solid gains, according to the Associated Press. Futures for the S&P 500 and the Dow Jones Industrial Average both edged 0.3% higher before the bell.
Shares of The Gap jumped more than 18% in off-hours trading after the fashion retailer breezed past Wall Street profit forecasts even as sales lagged from a year ago.
It’s been a busy week for retail earnings, with Target, Home Depot, and Macy’s all reporting better-than-expected profits for the most recent quarter, though sales have lagged compared the same period last year.
November is on track to be the S&P 500’s best month in a year on rising hopes for a “Goldilocks” economy that’s just right for markets.
The yield on the 10-year Treasury fell to 4.41% early today from 4.44% Thursday. The yield on the two-year Treasury also edged down, to 4.83% from 4.85% late Thursday.
A barrel of benchmark U.S. crude was up 95 cents to $74.04. Brent crude, the international standard, gained $1.06 to $78.48 per barrel.
