Stocks, U.S. Futures Rise at End of Volatile Week: Markets Wrap

Stocks, U.S. Futures Rise at End of Volatile Week: Markets Wrap

(Bloomberg) -- Stocks rose with U.S. futures on Friday as investor optimism in the prospects for growth got a boost from strong earnings and economic readings.

The Stoxx Europe 600 Index climbed, with Richemont pushing luxury shares higher after the maker of Cartier jewelry reported sales that topped estimates. Contracts on all three U.S. benchmarks were higher, signaling more stock gains after initial jobless claims dropped to a fresh pandemic low on Thursday. Asian shares were mostly higher, although they slipped in China.

Treasury yields slipped and the dollar edged higher. Gold hovered around the highest level in more than four months. Bitcoin steadied after a volatile cryptocurrency slump this week.