U.S. stock futures rose Friday, one day after the S&P 500 and Nasdaq closed at record highs, boosted by President Joe Biden reaching an infrastructure deal with a bipartisan group of senators. The Dow also rallied Thursday, adding 322 points, or almost 1%, heading for its best weekly gain since March. The 30-stock average, after last week’s worst weekly decline since October, stands about 1.6% away from its record close in early May. The S&P 500 and Nasdaq were tracking for their best weeks since April.
Dow stock Nike soared 13% in the premarket, set to open at an all-time high. The athletic shoe and apparel giant late Thursday handily beat estimates for quarterly earnings and revenue. Nike saw a 73% increase in direct sales through its apps and websites. Nike’s stock pop accounts for much of the rise in Dow futures.
Virgin Galactic jumped 14% after getting the green light from the FAA to fly passengers to space. “The commercial license that we have had in place since 2016 remains in place, but is now cleared to allow us to carry commercial passengers when we’re ready to do so,” Virgin Galactic CEO Michael Colglazier told CNBC.
