U.S. stock futures were pointing to gains strong enough for the Dow, S&P 500 and Nasdaq to set new intrady highs at Friday's open on Wall Street.
with Beijing about ending the 16-month trade war. "We're getting close," he said Thursday evening. Ahead of Friday's trading, the Nasdaq was on track for its seventh consecutive weekly gain. The Dow and S&P 500 were pacing their fourth and third weekly gains in a row.Scott Mlyn | CNBCtheir spending in October, after a surprising pullback in September. The government's October retail sales report, due at 8:30 a.m.
ET on Friday, is one of the most important data releases of the next couple of weeks, as CNBC'sreports. The retail numbers and November's jobs data, due out Dec. 6, will be the last two big economic releases the Federal Reserve will review before monetary policymakers meet Dec. 10-11. The Fed has cut interest rates three times this year.
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