U.S. Futures Push into Record Territory as NAFTA Talks Continue

U.S. futures rose on Friday, pointing to another record day on Wall Street as the U.S. and Mexico closed in on a trade deal.

The S&P 500 futures rose 6 points, or 0.23%, to 2,883.50 as of 6:51 AM ET (10:51 GMT) while Dow futures were up 76 points, or 0.29%, to 25,868.0. Meanwhile tech heavy Nasdaq 100 futures increased 26
points, or 0.35%,to 7,521.75.

U.S. and Mexican trade negotiators are "hours" away from reaching a North American Free Trade Agreement (NAFTA) agreement, Mexican Economy Minister Ildefonso Guajardo told reporters. Talks are expected to resume at 9:00 AM ET (13:00 GMT) in Washington.

On Saturday morning, U.S. President Donald Trump tweeted that “ A big Trade Agreement with Mexico could be happening soon!”

U.S., Mexico and Canada are working to reach a new NAFTA agreement by the end of August.

Netflix (NASDAQ:NFLX) was among the top gainers in premarket trading, surging 1.72% while semiconductor Micron Technology Inc (NASDAQ:MU) rose 1.72% and medical marijuana company Canopy Growth Corp (TO:WEED) rose 4.18%.

Elsewhere Tesla (NASDAQ:TSLA) dipped 4.59% after CEO Elon Musk said the company would remain public. Meanwhile, Johnson & Johnson (NYSE:JNJ) fell 0.56% after news that it would have to compensate patients in India for faulty hip implant surgeries.

In Europe stocks were up. Germany’s DAX rose 73 points or 0.59% while in France the CAC 40 increased 25 points or 0.47%. Meanwhile, the pan-European Euro Stoxx 50 gained 10 points or 0.31% while Spain’s IBEX 35 was up 25 points or 0.27%. In London, the FTSE 100 was closed for a bank holiday.

In commodities, gold futures fell 0.30% to $1,209.60 a troy ounce while crude oil futures dipped 0.39% to $68.45 a barrel. The U.S. dollar index which measures the greenback against a basket of six major currencies inched up 0.08% to 95.16.