Here’s what we’re watching ahead of Friday’s market action.
—U.S. stock futures edged up ahead of fresh data on the services and manufacturing sectors that are expected to point to a robust economic recovery.
Futures tied to the S&P 500 ticked 0.5% higher, pointing to muted gains after the opening bell. Nasdaq-100 futures added 0.7%.
What’s Coming Up
—IHS Markit’s U.S. manufacturing index for the opening weeks of February, due at 9:45 a.m. ET, is expected to tick down to 59 from 59.2 at the end of January, and the services index is expected to slip to 58.0 from 58.3.
—U.S. existing-home sales for January, due at 10 a.m., are expected to decrease to an annual pace of 6.6 million from 6.76 million the prior month.