Stocks: Set to close week with a gain

Written By limadu on Jumat, 21 Maret 2014 | 17.42

S&P futures 2014 03 21

Click chart for in-depth premarket data.

NEW YORK (CNNMoney)

But for the most part, markets kept pushing higher. As it stands now, the major U.S. indexes look set to close out the week with a healthy gain.

U.S. stock futures were edging up Friday, with investors feeling relatively calm after a Fed freak out in the middle of the week.

Markets were rattled Wednesday after Fed chair Janet Yellen suggested that the central bank could begin hiking interest rates sooner than expected. But stocks have climbed every other day this week.

The latest reading on the CNNMoney Fear & Greed index shows markets are getting greedy again.

But the mood isn't quite so perky in Russia, where the stock market and ruble are under pressure after the U.S. announced sanctions against more high-ranking Russian individuals and a bank. Western nations are trying to put pressure on Russia after it annexed Crimea, a region in southern Ukraine.

Related: Risks in focus as China's economy slows

There's little U.S. economic or corporate news on the docket Friday. Tiffany (TIF) will report earnings before the opening bell.

Shares in Nike (NKE, Fortune 500) look set to decline by about 3% when the market opens after management forecast earnings could be squeezed over the next few quarters.

Shares in Symantec (SYMC, Fortune 500) fell in after-hours trading after the company fired its CEO.

Related: CNNMoney's Tech30

European markets were all rising in morning trading.

Asian markets mostly closed with gains. The main stock market indexes in Hong Kong and China pushed higher.

The Nikkei in Japan was closed for the Vernal Equinox. To top of page

First Published: March 21, 2014: 5:39 AM ET


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