U.S. futures were rising premarket Friday indicating a strong opening for markets and a new record high for the Dow Jones Industrial Average.
Dow futures climbed 0.31% while S&P 500 and Nasdaq futures rose 0.30% and 0.26%, respectively.
The rebound comes after losses in the previous session on concerns about a possible stall in the tax reform plans.
Major indices around the world were struggling with the Asian and European markets falling except for the FTSE which was higher.
On Thursday, the Federal Communications Commission voted to repeal 2015 rules aimed at a free and open internet. The vote was along party lines. Now a number of court fights are expected.
Dow Jumps Triple Digits as Wall Street Bounces Back
Oracle Stock Declines as Weak Cloud Computing Growth Expected
After reporting second quarter earnings after Thursday's close, the company said its fiscal third quarter cloud revenue would grow 21% to 25%, not accounting for currency fluctuations. Expectations by analysts were for growth closer to 30%.
U.S. Home Solar Sales Decline Thanks to Tesla
After years of double-digit growth, home solar installations in the U.S. are poised to fall for the first time this year, according to a recent by GTM Research.
The reason? An analysis of installation data suggests that most of the slowdown is traceable to a single company: Tesla Inc (TSLA) , which acquired sister company SolarCity about a year ago, Reuters reported.
Under Tesla's ownership, the company has largely stopped its aggressive marketing campaigns and ambitious expansion.
The result? Tesla's rooftop solar installations have fallen sharply each quarter this year compared to last. In the third quarter, installations were off by 42% over the previous year, Reuters noted.
Boeing, Airbus Iranian Deals May Not Happen
The Trump administration is advancing a strategy that could derail efforts by Boeing Co. (BA) and Airbus SE (EADSY) to sell hundreds of jetliners to Iranian airlines, U.S. officials said, the Wall Street Journal reported.
The two firms have lined up deals over the past 15 months that have been left in limbo as the White House reassessed its Iran policy and has threatened to walk away from an international nuclear deal if Congress and European partners don't address concerns, the Journal noted.
Boeing hasn't added the Iranian deals to its official order book while Airbus has.
The aerospace firms have announced deals to sell about 300 planes to Iranian airlines valued at $40 billion altogether before industry discounts.