Wall Street pointed toward gains before the bell Friday, potentially setting up markets for their best week since March as optimism about a U.S. debt ceiling deal grew heading into the weekend.
Futures for the Dow Jones industrials and S&P 500 each rose 0.2% in premarket trading.
Hopes are high that the United States Congress would reach a deal to avoid defaulting on the nation’s debt.
President Joe Biden, in Hiroshima for the Group of Seven summit of major industrialized nations, has said he’s confident about reaching a deal with Republicans to allow the U.S. government to increase its credit limit and borrow more.
