US STOCKS-Futures sparkles after Thanksgiving holiday
US STOCKS-Futures sparkles after Thanksgiving holiday
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US stock index futures propelled higher on Friday as hopes around an economic rebound 2021 outweighed concerns around an expected surge in Covid-19 infections during the Thanksgiving holiday. Wall Street's main indexes have gained more than 10percent this month as investors bet on a sooner-than-expected COVID-19 vaccine and calmer global trade under President-elect Joe Biden, setting the S&P 500 for its best November ever.

Gains were capped by U.S. hospitalizations for COVID-19 reaching a record of more than 89,000 on Wednesday and experts warning that holiday gatherings could lead to another spike in cases and deaths. Stock markets in Europe were subdued by doubts around the effectiveness of AstraZeneca's COVID-19 vaccine, potentially hindering chances of the shot getting speedy U.S. and EU regulatory approvals.

Trading volumes are expected to be light as the U.S. stock market closes early on Friday.U.S. listed shares of online entertainment services company iQIYI Inc fell 2.6percent after Reuters reported Alibaba Group Holding Ltd and Tencent Holdings Ltd had put on hold talks to buy a controlling stake in the video streaming service.

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