A restrengthening of the US dollar alongside falling oil prices sent US markets back-tracking on Thursday with export-orientated and energy stocks hit hardest. Oil prices are edging down again on Friday but weakness in the US dollar is helping US stocks refocus on what looks to be a longer period of easy monetary policy and a supportive environment for risk-taking. As such, US markets look like making a higher open on Friday. Nike shares are expected to open higher after the sports-apparel company reported better than expected quarterly earnings Shares of Facebook ripped to new all-time highs above $82 on Thursday following positive feedback on its new payment feature that could be a major source of new revenue outside of online ads. There has also been talk of a possible improvement of use inside China which would not be unsurprising since Mark Zuckerberg has been wooing the country for years. The US has granted Amazon a permit for testing unmanned drones for possible usage in parcel delivery. Shares of UPS and FedEx are left exposed by the use of drones by their biggest client that could someday eclipse traditional delivery methods. Futures suggest the: S&P 500 will open 6 points higher at 2,095 with the Dow Jones expected to open 85 points higher at 18,044 and the Nasdaq 100 16 points higher at 4,442. CMC Markets is an execution only provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
US to open higher on weaker dollar and Nike earnings beat
00:00, 20 March 2015