Here’s what we’re watching as markets kick into gear Friday.
—Stock futures wavered near the flatline, putting Wall Street on track to end a choppy week with muted losses. Futures tied to the S&P 500 edged up less than 0.1%, while Dow Jones Industrial Average futures fell 0.1%. Read our full market wrap here.
—What’s coming up. A measure of European consumer confidence is due at 10 a.m. ET, and the
rig count, a proxy for drilling activity in the oil industry, is expected at 1 p.m.
said it plans to ask U.S. health regulators on Friday to permit use of its Covid-19 vaccine, a milepost in months of frantic efforts to find a medicine that could beat back a rampaging pandemic. It could put the vaccine on track for distribution in December if cleared quickly. The pharmaceutical company’s shares climbed 1.8% in offhours trading.
Market Movers to Watch
fell 2.3% before the bell after the World Health Organization recommended against the use of antiviral drug remdesivir for Covid-19.
—Moderna, another company in the race for a coronavirus vaccine, saw its shares climb premarket more than 4%.
surged 4.4% offhours after the retailer posted third-quarter earnings that beat analysts’ predictions.
dropped 4% premarket after the cloud-software company warned of lingering Covid-19 effects, despite reporting profit and revenue that topped Wall Street’s expectations.
surged almost 4% premarket after the shoe retailer posted quarterly earnings that beat analysts’ expectations.