A business surge in Wall Street is ready to continue on Friday after two top equity benchmarks closed at record highs.
The Dow Jones Industrial Average, closed above 27,000 for the first time on Thursday, is trending on an increase of 85 points in the open. S & P 500, previously closed at record levels, was partially acquired in futures trading, while Nasdaq is expected to open 24 points.
Investors continue to remain positive that the Federal Reserve will reduce interest rates by the end of July after Chairman Jerome Powell's graduation in the two-day hearing on Capitol Hill.
"The markets respond to Powell to actually prove what futures markets are telling us," said Randy Frederick, vice president of trade and derivatives at Charles Schwab & Co.
Meanwhile, distributors for leading benefit managers managers, such as CVS Health and UnitedHealth Group Inc., are expected to continue to increase after Trump's management abandoned an effort to eliminate drug rebates flowing from to drug providers at middlemen's price dealers.
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On Thursday, Delta Air Lines reported better- than expected earnings focused on higher premium ticket sales, the first airline to report of revenues in the middle of the base of the Boeing Max jet. The Atlanta-based carrier, however, is not in its fleet.