Stock futures traded higher Friday as investors hoped for U.S. tax reform soon and as oil prices gained.
S&P 500 futures rose 0.04%, Dow Jones Industrial Average futures increased 0.09%, and Nasdaq futures gained 0.08%. All three indexes hit new records on Thursday after Donald Trump promised he would soon cut taxes for businesses.
"This first cut is certainly one of the deepest in the history of OPEC output cut initiatives," the IEA said, adding, "The oil market is very much in a wait-and-see mode."
U.S. import prices in January rose 0.4%, more than economists had expected. Export prices rose 0.1%.