Investors sought bargains on Thursday, following a market slump triggered by a scandal that cast doubts over President Donald Trump's ambitious reforms agenda.
Several media outlets reported that Trump had tried to interfere in an ongoing federal probe, leading to the worst selloff in U.S. equity markets on Wednesday since his election last November.
Analysts however remain confident that there is underlying strength in the economy, and that the recent dip in price would be used by investors to buy cheap. On the economic data front, the U.S. Labor Department said weekly jobless claims unexpectedly declined last week, while the Philadelphia Fed Manufacturing Index jumped to 38.8 in May from last month’s 22.0.
NASDAQ June futures are up on Friday around 5630.
U.S. Stocks Rebound From Biggest Sell-Off in 2017
Daily Analysis - 19/05/2017