states STOCKS-Futures

US STOCKS-Futures gain as more states prepare to ease lockdown – Yahoo Finance

(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.)

* Boeing gains on scrapping Embraer deal

* Apple pares early gains on report of production delay

* BOJ pledges unlimited bond buying

* Futures gain: Dow 0.93%, S&P 500 0.92%, Nasdaq 1.25% (Adds comments, updates prices throughout)

By C Nivedita

April 27 (Reuters) – U.S. stock index futures rose on Monday as more states looked set to lift coronavirus-induced curbs, and investors awaited earnings reports from marquee companies including Apple and Microsoft due this week.

A late session rally for tech majors had helped Wall Street end higher on Friday, with sentiment also getting a boost as Georgia became the first state to ease restrictions despite disapproval from President Donald Trump and health experts.

Although trillions of dollars in stimulus have helped the S&P 500 recover nearly 30% from March lows, with the economic damage only growing, analysts say more gains may be limited unless there is progress on treatments for the disease.

White House economic adviser Kevin Hassett told reporters on Sunday the U.S. jobless rate would likely hit 16% or more in April. Against that, many more U.S. states were looking to reopen businesses.

Boeing Co gained 1.6% in premarket trading after it pulled out of a $4.2 billion deal to buy Brazil planemaker Embraer’s commercial jets division over the weekend.


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