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Stock futures extend gains following upbeat U.S. data

Sep. 02, 2015 9:25 AM ETBy: Carl Surran, SA News Editor
  • Stock futures add to gains after U.S. data showed solid private sector job gains and an upward revision to productivity growth in Q2; S&P, Dow and Nasdaq all +1%.
  • Index futures rebounded overnight even as Asian markets wobbled before ending with mild losses; China's Shanghai Composite plunged more than 4% before stabilizing to end -0.2% ahead of an extended holiday weekend, while Japan's Nikkei closed -0.4%.
  • In Europe, Germany's DAX +0.7%, France's CAC +0.6%, U.K.'s FTSE +0.4%.
  • Treasury prices fell following the data, sending the 10-year yield higher by 2 bps to 2.18%.
  • Crude oil has turned positive, with WTI +0.5% to $45.66/bbl and Brent +0.9% to $50.03.
  • Still ahead: factory orders, EIA petroleum inventories, Fed Beige Book.

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