Stock futures are inching higher ahead of retail sales figures and a measure of consumer sentiment, that together will offer fresh clues on the vigor of American shoppers. Here’s what we’re watching ahead of Friday’s opening bell.
- Shares of vaccine maker
got a booster shot, jumping 7.9% premarket after the S&P Dow Jones Indices said Moderna will join the S&P 500 prior to the opening of trading on July 21. It will replace
plans to acquire.
is exploring a deal to buy GlobalFoundries, according to people familiar with the matter, in a move that would rate as its largest acquisition ever. The semiconductor giant’s shares ticked up 0.9% premarket.
- Chinese regulators slammed the brakes on
‘s shares, having on Friday entered the ride-hailing giant’s offices to conduct a cybersecurity investigation. U.S.-traded Didi shares were down 4.3% ahead of the bell.
American Outdoor Brands
reported a net profit for the recent quarter after a loss a year earlier, but investors seem less than impressed. Shares of the outdoor sporting and camping goods retailer dropped 9.6% off hours.
shares added 1.9% premarket after the aluminum producer topped second-quarter sales and income expectations as it benefited from strong demand and rising prices.
Kansas City Southern
said revenue during the recent quarter got a boost from a strengthening Mexican peso. The railroad operator’s shares were up 1% premarket.
is among the companies reporting earnings Friday.
- Sovereign-wealth funds, which are among the world’s biggest stock-market players, are unleashing more of their firepower at home, as governments lean on them to reboot pandemic-stricken economies.
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