Here’s what we’re watching ahead of Friday’s opening bell.
- U.S. stock futures edged up as investors assessed fresh data on how manufacturing and services world-wide are faring in the second quarter.
- Futures tied to the S&P 500 ticked 0.1% higher, and Nasdaq-100 futures edged up 0.2%, pointing to muted gains in technology stocks after the open. Read our full market wrap.
What’s Coming Up
- IHS Markit’s preliminary U.S. manufacturing index for April, due at 9:45 a.m. ET, is expected to rise to 60.5 from 59.1 at the end of March, and the services index is expected to rise to 61.0 from 60.4.
- U.S. new home sales, due at 10 a.m., are expected to rise to an annual pace of 888,000 in March from 775,000 a month earlier.
Market Movers to Watch
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shares shot 5.6% higher ahead of the bell. The social-media company’s daily active users reached 280 million, up strongly from a year earlier, though the social-media company posted another quarterly loss.
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shares dropped 3.2% premarket. The semiconductor giant’s new chief executive said a global chip-supply shortage could stretch two more years as the company posted weaker quarterly earnings.
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shares jumped 4.5% premarket. The semiconductor firm after Thursday’s close said it agreed to buy
‘ infrastructure and automotive business in an all-cash deal valued at $2.75 billion. Silicon Labs’ shares soared 13.3%.
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delivered its earnings report premarket, and its stock subsequently dropped 4.1%.
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shares climbed 6.7% premarket. The toymaker raised financial projections for the year, pointing to strong sales trends including its iconic Barbie doll.
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shares slipped 4.2% premarket after the card company’s first-quarter revenue came up short of…
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