Wall Street points to first weekly gain in almost two months

NEW YORK (AP) — Wall Street was pointing higher before markets opened early Friday, putting major benchmarks in a position for their first week of collective gains after a seven-week losing streak. Future contracts for the Dow Industrial Average were up less than 0.1% and the same for the S&P 500 rose 0.2%. It would take a major selloff Friday to drag benchmarks back into negative territory for the week after a strong set of earnings from retailers on Thursday propelled markets solidly higher. For the week, major benchmarks are up between 3.4% and 4.4% heading into Friday’s trading session.


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