Shares of chip designer Arm continued to rise in offhours trading , last up 7% after jumping 25% in its stock-market debut Thursday.
Stock futures edged up as Chinese data pointed to stronger-than-expected economic activity and investors awaited U.S. consumer-sentiment data.
The Chinese central bank cut a short-term lending rate, in another move to support the country’s recovery.
Contracts linked to the S&P 500 and the Dow rose crept higher, while Nasdaq-100 futures were flat.
German and Italian 10-year yields rose—in a reversal of Thursday's reaction to the European Central Bank's interest-rate hike, according to Joost van Leenders, investment strategist at Van Lanschot Kempen.
Persons:
Seng, Oil, Joost van Leenders, Van Lanschot
Organizations:
Nasdaq, Nikkei, Brent, Treasury
Locations:
China, U.S, Europe, Michigan