Futures for U.S. markets pointed higher late Thursday indicating investors see more elevation in the post-election rally that now has the Dow Jones Industrials aiming to crest 20,000.
The S&P 500 was up 0.03%, the Dow Jones Industrials 0.06% and Nasdaq 0.01% at 8:40 p.m. EST.
All three indices hit records Thursday as investors cheered the Santa rally, the post-election rally and the effect rising interest rates will likely have on returns for financial companies--the Federal Reserve is expected to begin hiking rates next week.
Investors were also relieved that the European Central Bank on Thursday extended its bond-buying program to the end of 2017, even if it plans to trim the amount of bonds it buys monthly to €60 billion ($63.56 billion) from €80 billion.
The S&P added 0.22%, to 2,246.19; the Dow 0.33%, to 19,614.81; and Nasdaq 0.44%, to 5,417.36 points Thursday. Europe's not setting any records, but investors there also apparently believe Trump will be good for business everywhere: London's FTSE added 0.42%, the Dax in Germany 1.75% and France's Cac 0.87% Thursday.
Asia opened mixed on the final trading day of the week with the Trump rally tempered by a Friday impeachment vote in South Korea that could usher President Park Geun-hye out of office. The Nikkei in Japan rose 0.72% and the ASX in Australia 0.26% while the Kospi in South Korea lost 0.31% and the Hang Seng in Hong Kong 0.57% at 8:54 p.m. EST.
In oil, industry standard Brent crude was flat at $53.89 while U.S. crude added 0.22%, to $50.95, extending gains from Thursday. The prices represent futures for barrels delivered in February and January, respectively, and were current as of 8:42 p.m. EST.
In after-hours trade, shares of Restoration Hardware(RH) - Get Report tumbled 18.7%, to $31.70, after the company beat Q3 expectations but cut its full-year and holiday guidance, disappointing investors.
The Corte Madera, Calif.-based luxury home furnishings retailer sees fourth-quarter earnings per share of 60 cents to 70 cents on revenue of $562 million to $592 million. Analysts are looking for adjusted earnings of $1.08 per share on revenue of $637 million for the current quarter.
In gainers, Broadcom(AVGO) - Get Report shares added 4.15%, to 177.80, after the chipmaker posted better-than-anticipated results for its fiscal 2016 fourth quarter and full year as it reaps the benefits from the combination with Avago.
The Singapore-based company reported fourth-quarter adjusted earnings of $3.47 per share, topping analysts' estimates of $3.38 per share. Revenue of $4.14 billion beat Wall Street's view of $4.13 billion.
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