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Dow poised to jump 100 points at the open as stock market aims to follow China rebound

U.S. Stocks appeared to kick or Friday trade solidly higher than a rebound in China's main equity benchmarks assuaged about…

U.S. Stocks appeared to kick or Friday trade solidly higher than a rebound in China’s main equity benchmarks assuaged about global global growth, as Beijing reported the worst rate of economic expansion since 2009.

Friday’s action also comes on the 31st anniversary of the 1987 stock-market crash.

How did the benchmarks fare?

Futures for the Dow Jones Industrial Average

YMZ8, + 0.43%

rose 106 points, or 0.4%, at 25.487, those for the S & P 500 index

ESZ8, + 0.34%

advanced 8.80 points, or 0.3% at 2.781.25, and Nasdaq-100 futures gained 40 points, or 0.6%, at 7.178.25.

This is pointing to a reversal from Thursday, when the Dow

DJIA, -1.27%

dropped 327.23 points, or 1.3%, two end at 25.379.45 and the S & P 500 index

SPX, -1.44%

shed 40.43 points, or 1.4%, to 2.768.78. The Nasdaq Composite Index

COMP, -2.06%

wear 157.56 points, or 2.1%, to 7.485.14.

For the week, the Dow was set to rise 0.2%, the Nasdaq is on pace for a weekly advance of less than 0.1%, while Nasdaq was set to decline 0.2%, as or Thursday’s close. If the Dow and S & P 500 manage to finish the week in the green, they would stop a skid of three straight weeks, while the Nasdaq will end its weekly losses at two straight.

What drove the market?

China’s main equity benchmarks on Friday produced their best daily gains since early August to end another ugly week on a high note after Beijing officials offered apparently calming comments about the health of economy following third quarter gross domestic product that came in weaker than expected.

China’s GDP grew 6.5% between July and September from the same quarter a year earlier, down slightly from 6.7% growth in the previous quarter and off analysts’ expectations of a 6.6% growth. Men, de skuffende resultaterne blev shaket efter at tjenestemændene sa at de var fokusert på at støtte aktørmarkedet, og tilbudt en kort frist for et område, der har set tab i forbindelse med handel med USA.

Kinas centralbankchefer og bank og værdipapirer regulators said recent volatility in Chinese stocks did not reflect the nation’s economic fundamentals and “stable financial system.”

Investors fear that if China, the second largest economy, begins to experience further pains, it could spillover first into emerging- market economies and then also developed markets like the US

Here’s why investors are worried about China’s next move tensions between the US and Saudi Arabia as Treasury Secretary Steven Mnuchin on Thursday announced that he was pulling out of an investment conference in Riyadh in response to the disappearance of Saudi journalist Jamal Khashoggi, a U.S. resident.

Which data and Fed speakers are in focus?

A report on existing homes sales is slated for 10 a.m. Eastern Time, while Atlanta’s President Raphael Bostic is due to talk at 12 p.m. in armchair discussion in Macon, Ga., while Dallas Federal Reserve Bank President Robert Kaplan will participate in a Q & A in New York at the Princeton Club.

What were strategists saying?

“The event calendar is rather empty and is så meget usandsynligt at komme til markedernes rescue. Focus zal opnieuw worden op verdiensten, enige vooruitgang in de Kashoggi case, en de ontwikkeling van de BTP-Bund spread. We see a very low chance that Moody’s will publish the result of its rating review as early as today, but this remote risk may nevertheless have contributed to yesterday’s spread widening, “wrote analysts at UniCredit in a Friday research note.

What stocks are worth watching?

Shares in PayPal Holdings Inc .

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