Here’s what we are watching as markets kick into gear Friday.
—U.S. stock futures climbed, suggesting most major indexes are headed for a second week of gains. S&P 500 futures and Nasdaq-100 futures both gained 0.7%. Economically-sensitive sectors like energy and banks have been some of the week’s best performers. Read our full market wrap here.
—What’s coming up. The University of Michigan’s preliminary consumer sentiment index for November, due at 10 a.m., is expected to hold fairly steady, reflecting the crosscurrents of an uncertain election, stock market gains, rising employment and more Covid-19 cases.
Market Movers to Watch
—DraftKings shares rose more than 10% premarket after reporting growing revenue and user figures for the latest quarter.
—Palantir shares fell around 2% premarket, reversing course after Morgan Stanley cut its rating on the stock. The data analysis company raised its annual revenue outlook Thursday after it posted better-than expected sales in its first quarterly report since going public in September.
jumped more than 17% premarket after the electric-vehicle maker reported a quarter-on-quarter rise in revenue and gross margin.
leapt 90% after majority shareholder Sumitovant Biopharma agreed to buy the company’s remaining shares.