Dow futures positive

Thursday, October 29, 2020

Futures tied to the Dow Jones Industrial Average pared losses and turned positive on Thursday after economic data came in better than expected, CNBC reports.

Dow futures last traded near the flat line after falling more than 100 points earlier. The S&P 500 futures gained 0.3 percent. Nasdaq 100 futures won 0.7 percent.

U.S. gross domestic product for the third quarter expanded at a 33.1 percent annualized pace, its fastest growth ever. The reading came after a 31.4 percent plunge in the second quarter and was better than the 32 percent estimate from economists surveyed by Dow Jones.