FOX Business: Capitalism Lives Here
U.S. stock-index futures climbed Friday, suggesting the broad S&P 500 could post gains for the fifth day in a row.
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As of 8:15 a.m. ET, Dow Jones Industrial Average futures climbed 16 points, or 0.1%, to 16438, S&P 500 futures advanced 0.5 point, or 0.03%, to 1837 and Nasdaq 100 futures rose 2 points, or 0.06%, to 3583.
Up, up and away.
That's Wall Street's anthem as the blockbuster year comes to a close. The Dow closed at its 50th all-time high Thursday, while the S&P 500 notched 44th record close. Both stock-market indexes are up more than 25% on a year-to-date basis in what would be their best years since 1996 and 1997, respectively.
One place that hasn't seen buying is Treasury bonds, which have slumped in recent days, pushing yields higher. Indeed, the yield on the benchmark 10-year bond climbed to 3.011% -- the highest level since July 2011, according to Reuters.
The economic docket is bare on the day.
In corporate news, General Motors (NYSE:GM) said it would recall 1.5 million vehicles in China over safety concerns. Analysts at Macquarie cut Twitter (NYSE:TWTR) to "underperform" from "neutral."
In commodities, U.S. crude oil futures climbed 8 cents, or 0.08%, to $99.63 a barrel. Wholesale New York Harbor gasoline dipped 0.44% to $2.801 a gallon. Gold fell $1.10, or 0.09%, to $1,211 a troy ounce.