Stocks – U.S. Futures Rise as Kudlow Points to Trade Deal 

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© Reuters. © Reuters. – U.S. futures rose on Friday as sentiment was boosted by upbeat trade comments from White House economic advisor Larry Kudlow.

Kudlow said on Thursday that the U.S. and China were close to securing a trade deal. His comments come after a week of volatility after reports that the two sides had hit a snag over trade talks.

rose 27 points or 0.3% by 6:55AM ET (11:55 GMT), while gained 69 points or 0.3% and were up 7 points or 0.2%.

Applied Materials (NASDAQ:) jumped 5.6% in premarket trade after reporting a strong fiscal fourth-quarter, while Nvidia (NASDAQ:) rose 0.4% after it beat on its top and bottom line and chipmaker Qualcomm (NASDAQ:) gained 1.7% in sympathy.

Grubhub (NYSE:) jumped 3.9% after Shake Shack (NYSE:) reported that it is launching a nationwide delivery service with the company. The service will be offered free of charge through Nov. 17.

On the data front, , prices and the index are out at 8:30 AM ET, followed by numbers at 9:15 AM ET.

In commodities, fell 0.4% to $1,466.85 a troy ounce, while the , which measures the greenback against a basket of six major currencies, was flat at 98.010. dipped 0.2% to $56.66 a barrel.

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