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Friday Morning Market Roundup: Is It Safe to Come Out Yet?

Friday Morning Market Roundup: Is It Safe to Come Out Yet?

How are post-selloff markets handling?

Here’s what’s shaking:


Getty Images.

The U.S. stock market is opening higher as traders regroup following the biggest drop of the year.

The Dow Jones industrial average was up 65 points, or 0.4 percent, to 14,824 in the first few minutes of trading Friday.

The Dow plunged 560 points Wednesday through Thursday after the Federal Reserve said it could wind down its bond-buying program by the middle of next year.

The Standard & Poor's 500 index was up eight points, or 0.6 percent, to 1,597 points. Consumer staples, which fell sharply the day before, led the way higher.

The Nasdaq composite index rose three points, or 0.1 percent, to 3,367.

European and Asian markets were mixed.

The yield on the 10-year Treasury note edged up to 2.44 percent from 2.42 percent.


Getty Images.

Oil prices staged a moderate rebound Friday, a day after their sharpest drop in more than seven months.

By early afternoon in Europe, benchmark oil for August delivery was up 41 cents to $95.55 a barrel in electronic trading on the New York Mercantile Exchange.

On Thursday, the expiring Nymex contract for July settlement sank $2.84, or 2.9 percent, to $95.40 a barrel. The sharp drop was precipitated by weak Chinese manufacturing data and signals that the U.S. central bank is preparing to scale back its stimulus policies.

Brent crude, a benchmark for many international oil varieties, was up 52 cents to $102.67. Brent plunged $3.97, or 3.7 percent, to end on Thursday at $102.94 a barrel on the ICE Futures exchange in London.



Follow Becket Adams (@BecketAdams) on Twitter

The Associated Press contributed to this story.

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