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- Before the bell: Stocks may open higher
Before the bell: Stocks may open higher
U.S. stocks futures point for an early rebound Friday, as oil prices slipped and investors awaited another economic data.
Oil prices, which sank 2% in earlier trading, may also give markets a boost Friday.
U.S. stocks closed mixed on Thursday, as weakness in the tech sector countered stronger-than-expected reports on the housing market and unemployment.
Economy: After the market open, the University of Michigan will release its initial June consumer sentiment index at 13:55 GMT. Economists are looking for the index to fall to a reading of 73.5, from May's reading of 74.3.
The Conference Board will release its report on Leading Economic Indicators for May at 14:00 GMT. Economists forecast a decline of 0.4%, following a 0.3% drop in the previous month.
Companies: Shares of Research in Motion (RIMM) tumbled 18% in premarket trading, after the BlackBerry-maker slashed its full-year earnings outlook by 30% and announced layoff plans after the market closed Thursday.
Capital One (COF, Fortune 500) plans to acquire ING Direct. But after the announcement, Moody's warned of a possible downgrade and said it is reviewing Capital One's financial strength and long-term ratings. Shares of the bank fell more than 1% before the market open.
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