US equity futures point to a mixed market open at the end of the week.
Dow futures suggest a 0.2% loss at the start of the Wall Street session on Friday.
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Wall Street closed higher after the Federal Reserve and other regulators announced that they would relax rules that limit banks’ ability to invest in hedge funds and other areas.
The change could help consolidate the banks’ minimal profits after central banks cut interest rates to almost zero in response to the coronavirus pandemic.
The S&P 500 benchmark rose 1.1%, the Dow Jones Industrial Average rose 1.2% and the Nasdaq, which hit a historic high earlier this week, gained 1.1%.
|I: DJI||MEDIUM DOW JONES||25,745.6||+299.66||+ 1.18%|
|SP500||S&P 500||3,083.76||+33.43||+ 1.10%|
|I: COMP||NASDAQ COMPOSITE INDEX||10017.002548||+107.84||+ 1.09%|
Friday, the Asian stock markets followed Wall Street upwards.
The Nikkei in Tokyo rose 1.1%, the Hang Seng in Hong Kong lost 0.9%. Chinese markets have been closed for the holidays.
In Europe, the FTSE in London increased by 1.5%, the German DAX by 1.1% and the CAC in France by 1.6%.
The US economy fell 5% in the first quarter of the year, the Commerce Department announced on Thursday. Forecasters expect a worse drop in the quarter ending next week.
Investors in the United States have been encouraged by official measures to lift anti-virus measures and allow companies to reopen. But some states have reimposed the borders after a resurgence of new infections.
Hospitalizations and cases have reached new heights in California, Florida and Texas, which has put an end to its aggressive reopening.
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In the energy markets, the benchmark US crude oil rose 33 cents to $ 39.07 per barrel. It closed Thursday at $ 38.72 a barrel. Crude Brent, the price standard for international oils, added 42 cents to $ 41.47 a barrel in London. He closed the previous session at $ 41.05.
The Associated Press contributed to this story.