Stock futures were mostly higher in early morning trading Friday a day after the major indexes fell amid concerns of a slowdown in global economic growth.
Futures on the Dow Jones Industrial Average rose 240 points, or 0.7%. S&P 500 futures bounced by 0.45%. Nasdaq-100 futures were flat.
The Dow closed Thursday’s regular session lower by nearly 260 points. The S&P 500 dipped 0.86%, while the Nasdaq broke a four-day win streak by falling 0.72%.
For the week, the Dow is down 1.1%, the S&P 500 is off by 0.7% and the Nasdaq Composite has shed 0.5%.
Shares of GM gained 2% after Wedbush said the stock is a buy and could jump more than 50% as investors realize the extent of its tech and electric vehicle evolution.
Big Tech stocks were a bit weak in premarket trading as President Biden was set to announce a new executive order aimed at the competitive prices by the sectors giants. Amazon was down about 0.3% after hitting a new all-time high on Thursday.
Thursday’s losses came as the proliferation of the highly infectious delta Covid variant also fueled worries about the global economic comeback. The Olympics announced a ban of spectators at Tokyo’s summer games as Japan declared a state of emergency to curb the spread of coronavirus.