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US Stocks Set To Rise As Treasury Yields Ease, Tesla, Spirit Airlines Among Stocks In Focus: Fund Manager Says Despite Elon Musk's Company 'Firing On All Cylinders,' It's Still Not A 'Good Time To Buy'

Investors could see a second straight day of an opening in the green on Wall Street as the index futures point to a positive start on Friday. Treasury yields started cooling again after scaling three-month highs.

While Friday is a little light on the earnings side, consumer sentiment data and a speech by Boston Fed President Susan Collins could set the tone for the markets for the last day of the week.

All three major indices could close in the red for this week after surging for six consecutive weeks.

Futures

Performance (+/-)

Nasdaq 100

0.27%

S&P 500

0.26%

Dow Jones

0.23%

R2K

0.56%

In premarket trading on Thursday, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.30% to $580.95 and the Invesco QQQ ETF (NASDAQ:QQQ) surged 0.32% to $493.91, according to Benzinga Pro data.

Cues From Last Session:

EV giant Tesla Inc.'s (NASDAQ:TSLA) shares witnessed their best single-day gain in over a decade after the Elon Musk-led EV giant blew past expectations.

A tightly packed week of earnings is now drawing to a close, with nearly a third of S&P 500 companies having reported their results. According to FactSet data, more than 70% of these companies have managed to beat expectations in terms of profits.

The S&P 500 ended its 3-day losing streak while the Nasdaq Composite maintained its momentum on the back of Tesla and other tech stocks.

On the economic data ...