Right here’s what we’re watching forward of Friday’s opening bell.
—U.S. stock futures slipped, signaling a muted finish to a powerful week on Wall Street as buyers awaited information on how the financial system carried out at the beginning of 2021.
Futures tied to the S&P 500 fell 0.7%, indicating that the benchmark gauge may open decrease after megacap expertise corporations pushed it to its fourth file shut of the brand new 12 months on Thursday. Futures for the technology-focused Nasdaq-100 index misplaced 0.6% and contracts tied to the Dow Jones Industrial Common declined 0.7%.
What’s Coming Up
The SPAC assault continues. A minimum of 10 blank-check corporations, often known as special-purpose acquisition corporations, debut buying and selling Friday, based on IPOScoop.com. These embrace a $500 million SPAC sponsored by Greg Maffei of Liberty Media and a $360 million SPAC sponsored by Primavera Capital, headed by former Goldman Sachs banker Fred Hu.
U.S. existing-home gross sales for December, due at 10 a.m. ET, are anticipated to fall to an annual tempo of 6.55 million from 6.69 million a month earlier.