U.S. stock index futures pointed to a strong open on Friday, the first day of March, as Wall Street looked to build on its best start to a year in nearly 30 years.
The moves in the premarket come a day after the major indexes posted solid monthly gains in February, pushing the S&P 500 to its best start to a year since 1991. The S&P 500 is up more than 11 percent for the year, along with the Dow. The Nasdaq Composite, meanwhile, is up 13.5 percent.
Decreasing trade tensions between China and the U.S., along with a declining fears of tighter monetary policy from the Federal Reserve, helped propel stocks higher to kick off 2019.
Bloomberg News reported Thursday that U.S. officials are getting a final trade deal ready for President Donald Trump and Chinese President Xi Jinping to sign around mid-March.
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