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Advertisement

 
KG: Stock Market Futures Are Up for Second Straight Day
 
(NEW YORK) -- A second day of gains for global markets.

U.S. stock futures are up Friday morning after the Dow Jones Index gained 191 points, the biggest one day gain since Dec. 1. Much of this gain is due to strong retail sales for February. Major retailers are reporting strong results and more jobs. Thursday's ADP payroll report was also strong.

But all of this might fall apart if the government's monthly jobs report, which is set to come out Friday, fails to match expectations.

Overseas, leading Asian stock averages gained more than 1 percent overnight into Friday.

Meanwhile, the investors are nervously eyeing oil prices, which continued to rise due to the unrest in the Middle East. West Texas crude is now close to $103 a barrel.
Copyright 2011 ABC News Radio
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