On the rise

US stock index futures rose yesterday, setting Wall Street for a second straight day of gains at the end of a brutal month, with Facebook’s quarterly report helping boost high-growth internet names.

Shares of Facebook Inc climbed 5 per cent in premarket trading after it eased investor concerns by forecasting margins would stop shrinking after 2019 as costs from scandals ease up. That brought relief to the ‘FANG’ group. Amazon.com Inc rose 1.7 per cent, Netflix Inc climbed 2.2 per cent and Google-parent Alphabet Inc gained 1.5 per cent.