US Futures Edge Higher Ahead of Housing, PMI Data By Investing.com – Investing.com

US Futures Edge Higher Ahead of Housing, PMI Data By Investing.com – Investing.com

© Reuters.

By Peter Nurse   

Investing.com - U.S. stocks are seen opening marginally higher Friday, continuing the previous session’s rebound ahead of housing data and key business surveys.

At 7:05 AM ET (1205 GMT), the contract was up 120 points, or 0.4%, traded 12 points, or 0.3%, higher, and climbed 30 points, or 0.2%.

Wall Street ended a three-day losing streak on Thursday, with the broad-based closing 1.1% higher, the blue-chip up 0.6% and the tech-heavy gaining 1.8%, helped by healthy gains from the likes of Microsoft (NASDAQ:), Facebook (NASDAQ:), Netflix (NASDAQ:) and Apple (NASDAQ:). 

Yet, despite these gains, the Dow is on track to see its fourth negative week out of the past five weeks and the S&P 500 is on pace for its second negative week in a row. The Nasdaq Composite, on the other hand, is positioned to break a 4-week losing streak.

Investors have been fretting this week over the minutes from the April Federal Reserve meeting which showed that the FOMC members had started discussions about potentially tapering the central bank’s asset purchase programs.

Data showed a new pandemic-low in weekly on Thursday, but the rise in