Stock futures climbed Friday, as the market aimed to wrap the final trading session of May on a positive note. Markets waited on key income, spending and inflation data, as well as details on President Joe Biden's $6 trillion budget initiative. Ford Motor, eBay and Ulta Beauty were early leaders. IBD 50 stocks Alphabet and Boise Cascade rose in buy ranges. Salesforce.com dominated the Dow Jones today, as it rallied on a big earnings beat.
Dow Jones futures scrambled 0.4% higher in early trade as oil prices rose ahead of the Memorial Day holiday, and interest rates held flat with key inflation due from the Commerce Department. S&P 500 futures traded 0.3% above fair value. Nasdaq 100 futures also rose 0.3% on the stock market today.
President Biden is expected to unveil his $6 trillion federal budget for fiscal 2022 Friday, providing additional detail on massive investment in the U.S. economy planned over the next several years.
On the Nasdaq 100, eBay
) led the action with a 1.2% gain. Apple also traded high in the mix, up 0.6% as it attempts to reverse its minor loss for the week, and stem a four-week pullback.