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Stock futures higher after strong GDP report

Stock futures higher after strong GDP report

U.S. stock futures are climbing after a new report says the country's economy grew by a stronger-than-expected 5.7 percent during the fourth quarter.
The gross domestic product surged faster than the expected 4.5 percent growth economists had forecast.
A strong GDP report could get the market back on track after a 10-month rally came to a screeching halt over the past week. Shares have been falling since hitting a 15-month high last week.
Concerns have been mounting that potential new regulations could upend a fragile economic recovery.
Dow Jones industrial average futures are up 66, or 0.7 percent, at 10,128. Standard & Poor's 500 index futures are up 8.40, or 0.8 percent, at 1,087.60, while Nasdaq 100 index futures are up 13.75, or 0.8 percent, at 1,784.25.


Updated : 2021-05-06 11:36 GMT+08:00