U.S. stock-index futures edged higher Monday evening, after a turnaround late in the regular session allowed the major benchmarks to finish in positive territory after spending much of the session in the red. Futures for the Dow Jones Industrial Average were up 58 points, or 0.3%, at 23,632, those for the S&P 500 index were up 0.2% at 2,831, while Nasdaq-100 futures tacked on 0.2% at 8,811.25. In regular trade Monday, the Dow closed 26.07 points, or 0.1%, at 23,749.76, as gains in Microsoft Corp. (MSFT) and Apple (AAPL) offset losses in Caterpillar (CAT) and Walt Disney & Co. (DIS). The S&P 500 closed up 0.4% at 2,842,74, powered by gains in energy and information technology , while the technology-laden Nasdaq Composite Index finished the session up 1.2% at 8,710.71. Markets had been weighed by worries about renewed tensions between the U.S. and China but worries about that appeared to fade into the close as crude-oil prices finished firmly higher, helping to support the oil-and-gas sector. Meanwhile, shares of Hertz Global Holdings Inc. (HTZ)fell more than 20% ( ) in after-hours action Monday after the Wall Street Journal reported that the car rental company has hired an additional adviser to help with an imminent bankruptcy filing. Separately, fast-food company Shake Shack Inc. (SHAK) saw its shares rise even as the company said it was seeing higher beef prices amid closures due to the COVID-19 pandemic. The company also reported ( ) a loss of $1.1 million, or 3 cents a share, compared with net income of $3.6 million, or 9 cents a share, in the year-ago quarter. And Starbucks Corp.'s stock (SBUX) rose in after-hours trade after the coffee giant announced plans to reopen ( ) more than 85% of its U.S. stores by the end of this week.
-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
May 05, 2020 08:07 ET (12:07 GMT)
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