Stock futures rose on Friday morning as traders braced for a cut short session over the holidays.
Dow Jones Industrial Average futures were trading up 56 points, or 0.19%, while S&P 500 and Nasdaq futures were up 0.16% and 0.36%, respectively. The early advance has the high tech Nasdaq on track to open at an all time high and the Dow and S&P 500 are battling for their own record highs.
When it comes to inventory, stores are concentrated as Black Friday shopping takes a different tone this year due to COVID-19. Online retailers, meanwhile, are gearing up for Cyber Monday, which takes place in three days.
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AstraZeneca plc was moderately lower before the opening bell after CEO Pascal Soriot told Bloomberg News the company would likely retest its COVID-19 vaccine because some participants were receiving incorrect dosages.
Shares of Slack Technologies Inc. were showing a drop of more than 4% at the opening as traders digested a possible deal with Salesforce.com Inc. Shares of Slack climbed 38% after news of advanced negotiations between the two companies erupted on Wednesday.
U.S. stock markets will close at 1 p.m. ET respecting Thanksgiving weekend. There is no economic data on the calendar.
On the commodities front, West Texas Intermediate crude oil fell 38 cents to $ 45.33 per barrel while gold slipped 50 cents to $ 1,810.70 per ounce.
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European markets traded with the French CAC 40 up 0.48% and the German DAX 30 up 0.29%. Britain’s FTSE 100 fell 0.46% amid the uncertainty surrounding Brexit negotiations.
In Asia, the Shanghai Composite Index in China accelerated the advance, up 1.15%, while Japan’s Nikkei 225 and Hang Seng indexes rose 0.4% and 0.28%, respectively.