Futures buoyed by stimulus hopes

By Medha Singh

(Reuters) – U.S. stock index futures firmed 4% on Friday, at the end of another torrid week for financial markets that have been battered by growing evidence of the economic damage from the coronavirus pandemic.

Wall Street’s three main indexes ended higher on Thursday as investors drew comfort from sweeping fiscal and monetary measures around the globe aimed at softening the blow to world economy from the virus outbreak.

At 05:35 a.m. ET, Dow e-minis <1YMcv1> were up 817 points, or 4.08%, S&P 500 e-minis were up 94.25 points, or 3.95% and Nasdaq 100 e-minis were up 355.5 points, or 4.89%.

SPDR S&P 500 ETFs were up 3.41%.

The S&P 500 index <.SPX> closed up 0.47% at 2,409.39 on Thursday.

(Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta)