U.S. stock futures rose Friday following a choppy trading session as traders considered Federal Reserve Chair Jerome Powell's latest comments on inflation.
Futures for the Dow Jones Industrials climbed 211 points, or 0.7%, early Friday to 32,072.
Futures for the S&P 500 gained 30.5 points, or 0.8%, to 4,052.75
Futures for the NASDAQ Composite Index rocketed 121 points, or 1%, to 12,518.25.
Those gains put all three major averages on pace to snap a three-week losing streak. Through Thursday, the Dow is up 1.5%. Meanwhile, the S&P 500 is up 2.1%, and the NASDAQ is 2% higher.
Shares of DocuSign surged more than 17% in extended trading after the electronic agreements company reported an earnings beat. The company also issued a third-quarter revenue forecast that was above expectations.
Stocks have been volatile recently as expectations of a 0.75-percentage-point rate hike this month grew on Wall Street, after the Fed chair said again that he is “strongly committed” to bringing down inflation.
In Japan, the Nikkei 225 index gained 0.5% Friday, while in Hong Kong, the Hang Seng surged 2.7%.
Oil prices jumped $1.54 to $85.05 U.S. a barrel.
Gold prices acquired $11.00 to $1,731.20 U.S. an ounce.