Stocks - U.S. Futures Rise as Kudlow Points to Trade Deal

Investing.com - U.S. futures rose on Friday as sentiment was boosted by upbeat trade comments from White House economic advisor Larry Kudlow.

Kudlow said on Thursday that the U.S. and China were close to securing a trade deal. His comments come after a week of volatility after reports that the two sides had hit a snag over trade talks.

Nasdaq 100 rose 27 points or 0.3% by 6:55AM ET (11:55 GMT), while Dow futures gained 69 points or 0.3% and S&P 500 Futures were up 7 points or 0.2%.

Applied Materials (NASDAQ:AMAT) jumped 5.6% in premarket trade after reporting a strong fiscal fourth-quarter, while Nvidia (NASDAQ:NVDA) rose 0.4% after it beat on its top and bottom line and chipmaker Qualcomm (NASDAQ:QCOM) gained 1.7% in sympathy.

Grubhub (NYSE:GRUB) jumped 3.9% after Shake Shack (NYSE:SHAK) reported that it is launching a nationwide delivery service with the company. The service will be offered free of charge through Nov. 17.

On the data front, retail sales, import prices and the Empire State manufacturing index are out at 8:30 AM ET, followed by industrial production numbers at 9:15 AM ET.

In commodities, gold futures fell 0.4% to $1,466.85 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was flat at 98.010. Crude oil futures dipped 0.2% to $56.66 a barrel.

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