U.S. Stocks Poised To Rally Later In Wake Of BOJ Surprise Stimulus

MarketWatch Pulse

U.S. stock futures continued to push higher on Friday, though pulling back slightly from a levels seen in Asia trade after the Bank of Japan shocked the market by expanding the pace of its quantitative easing. Futures for the S&P 500 index rose 18 points, or 0.9%, to 2,006.40, while those for the Dow industrials climbed 158 points, or 0.9%, to 17,273. Futures for the Nasdaq 100 surged 44.75 points, or 1%, to 4,134.25. The move by the Bank of Japan comes in the same week the Federal Reserve announced the end to its bond-buying program. The BOJ moved triggered a sharp drop in gold, which fell $22, or 1.8%, to $1,176.40 an ounce, while the Nikkei 225 index soared nearly 5% and pushed the yen to a near 7-year low against the dollar.

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