European Stocks Poised for Recovery Despite Mixed Market Signals

1 min read
Source: Yahoo Finance
TL;DR Summary

Stock futures were higher ahead of Friday trading, with the Nasdaq Composite on pace for gains just under 1% while the Dow Jones Industrial Average is off more than 1% through the week's first four trading sessions. Investors will continue to closely track updates on the ongoing debt ceiling negotiations, with a key meeting between President Joe Biden and House Speaker Kevin McCarthy postponed until next week. Tesla stock was up about 2% in pre-market trade on Friday after Elon Musk announced he had hired a new CEO to run Twitter. JPMorgan CEO Jamie Dimon said a US default would be "potentially catastrophic."

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