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Global equities rallied after a phone call between the US and Chinese presidents sparked the hope of a relaxation of trade tensions.
A Bloomberg report revealed that President Trump wanted to conclude a trade deal with the Chinese leader at the G20 summit in Argentina later this month, and asked key US officials to start drafting the terms.
Dow Jones futures were up 0.95%. The S & P 500 added 0.75% and the Nasdaq Composite was up 0.19%.
It's the big day on Wall Street as investors look forward to the October employment report.
According to economists surveyed by Refinitiv, the US economy would probably have created 190,000 non-farm jobs this month, compared to 134,000 in September.
The unemployment rate is expected to remain stable at 3.7%.
Futures are up despite disappointing prospects after the Bell of Apple.
The world's most valuable company has recorded record profits and revenues that exceed analysts' estimates. However, the forecast for the Christmas holiday season was below expectations and equities dropped about 5% before market, after a 7% drop in prolonged trading.
Before negotiations begin, investors will get the latest quarterly results from Alibaba, Chevron and Exxon Mobil.
| Teleprinter | security | Latest | Change | % Chg |
|---|---|---|---|---|
| I: DJI | DOW JONES MEANS | 25380.74 | 264.98 | + 1.05% |
| SP500 | S & P 500 | 2740.37 | 28.63 | + 1.06% |
| I: COMP | COMPOUND INDEX NASDAQ | 7434.0567 | +128.16 | + 1.75% |
US stocks rallied at all levels for a third session and the first day of November, after a scary October, which was the worst month for US stocks in seven years.
On Thursday, the Nasdaq, very technology-driven, accelerated gains as investors focused on Apple's profits, gaining 128.16 points, or 1.8%, to 7434.06.
The Dow Jones Industrial Average index rose 264.98 points, or 1.1%, to 25,380.74. The S & P 500 added 28.63 points, or 1.1%, to 2,740.37.
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On Friday, in the Asian market, the Shanghai Composite of China closed the session up 2.7% and 2.99% for the week.
The Hang Seng Hong Kong index rose 4.2%, the largest daily increase since December 2011. It rose 7.2% for the week, the best since April 2015.
The Nikkei of Japan recorded the largest daily increase since March, ending the day up 2.6% and gaining 5% for the week.
In Europe, the London FTSE trades up 0.7%, the German DAX 1.4% and the CAC French 1.3%.
Associated Press contributed to this article.
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