Here’s what we’re watching ahead of Friday’s opening bell.
—U.S. stock futures ticked higher, with technology stocks poised to lead the rebound, as bond markets calmed and the 10-year Treasury yield eased down from a 14-month high.
S&P 500 futures edged up 0.4%, leaving the broad-market index on track for a tepid drop this week. Contracts linked to the Nasdaq-100 rose 0.7% and Dow futures ticked up 0.2%, leaving the blue-chips index on track to advance for a third straight week. Read our full market wrap here.
What’s Coming Up
—The Baker Hughes rig count, a proxy for drilling activity, is out at 1 p.m. ET. U.S. crude prices are up 1.4% Friday morning, after dropping more than 7% on Thursday.
Market Movers to Watch
shares dropped 2.5% ahead of the bell. The sportswear company posted modest growth of 2.5% in its latest quarter, saying a global container shortage and U.S. port congestion squeezed its inventory.
shares climbed 3.5% premarket. In the quarter ended Feb. 28, FedEx’s package volumes rose 25% in its Ground unit, which handles most of its e-commerce deliveries and the bulk of its holiday shopping orders.
jumped 5.3% premarket. The biotechnology firm reported the results of a study for a gene therapy for a type of muscular dystrophy after Thursday’s close.
shares fell 2% premarket. The real-estate investment trust on Thursday evening said it would offer another 1.6 million shares of common stock.
added 1.2% premarket. NASA’s plans for a lunar mission this year remain on track after a deep-space rocket made by Boeing passed a key milestone during an engine test on Thursday.
As of March 1, the
stockholdings were worth more than $450 billion, according to NLI Research Institute, making it the single largest holder of shares in the Tokyo market.
Chart of the Day
European buyout giant
‘s shares have more than tripled in less than two years since its initial public offering, far outpacing better-known, much-larger U.S. rivals such as
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